- India’s real Gross Domestic Product (GDP) in the current fiscal year is estimated to grow by 8.3%, the World Bank said as it released a South Asia economic focus report.
- This growth estimate is supported by an increase in public investment to bolster domestic demand and schemes, like the production-linked incentive to boost manufacturing.
- Despite being ravaged by a second COVID-19 wave earlier this year, the economic impact of the pandemic this year has been “relatively small” compared to the impact in 2020.