After recovery in FY 2022, India's economy is expected to remain weak again by 2026

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Mumbai, Ta. Saturday, January 16, 2021

After the initial reforms in FY 203, the impact of the Corona on the Indian economy will continue until FY 203. After a strong recovery in the economy in FY 203, it is likely to slow down from FY 203 to FY 203, according to ratings agency Fitch. GDP growth is expected to be 2.50 per cent between 205 and 205.

A weak financial sector will keep India's GDP even lower than it was before Coro, according to a report by Fitch. Low investment rates will continue to be a barrier to GDP growth.

The recession in India due to Corona is very serious compared to other countries in the world. The picture is one of strong lockdown and limited fiscal support. India's economy is currently in a recovery phase and will be supported with the introduction of vaccinations.

India's economic growth rate will be 11 per cent in the April-March 2018 financial year, while the current financial year from April 2020 to March 2021 will see a 2.50 per cent decline in GDP, the rating agency said in its report.

Even before the Corona shock, India's economy was slowing down. In FY2030, India's economic growth slowed to 7.50%.

The high rate of industrial investment plays a key role in India's economic growth, but further credit crunch and a bleak financial system will continue to challenge investment growth.

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