According to the report, India’s growth rate is expected to be between 7.5% and 11.5% in 2021-22, but this growth rate will depend entirely on the vaccination of the corona. Along with this, the effect of the market boom will also be seen.
Also read: Home-office near Jewar Airport, crowds of land takers for factory, know how many applications came
Estimation of growth rate of other agencies->> Fitch – 12.8 percent
>> Moody’s – 12 percent
>> IMF – 11.5 percent
>> Care Ratings – 11-11.2 Percent
>> S&P – 11 percent
>> RBI – 10.5 percent
Economic activities were completely stopped
The report further said, ‘The biggest impact of lockdown was seen on tourism, trade, construction. At the same time, it had the least impact on the agricultural sector. In view of the growing cases of corona across the country, the central government had announced to put a lockdown across the country. It ran from March to June 2020, due to which economic activities were completely halted.
At the moment, the country’s economy is moving forward and reforms are also being seen, but once again the corona is spreading rapidly in the country. Let us tell you that the economy suffered a big setback last year due to the lockdown.
Also read: Government’s special plan, 25% tax rebate will be available on buying a new car, only this certificate will have to be shown
The second wave of Corona has added difficulties. More than 56 thousand new cases were revealed yesterday. About 28 thousand new cases have been found in Maharashtra. The situation in Punjab, Gujarat, Karnataka, Tamil Nadu and Madhya Pradesh is also worrying. In such a situation, a lockdown has arisen in some places. Currently, the market has high expectations from the vaccine.