Domestic rating agency India Ratings has cut its Gross Domestic Product (GDP) forecast for the financial year 2021-22. The agency has lowered the estimate from 9.6% to 9.4%. India Ratings Agency says that there has been a strong recovery after the second wave of Corona. Apart from this, some other indicators are also showing recovery, as well as exports, are also increasing. According to the agency, the target of vaccinating the entire adult population of the country will not be met by the end of the year.
Sunil Kumar Sinha, Principal Economist, India Ratings Agency, said that considering the pace of vaccination, it is almost certain that the entire adult population of the country will not be vaccinated by the end of December. He said that in the last estimate in June. It was said that the pace of recovery of the economy would depend on vaccination. If the entire adult population is vaccinated in the country by the end of December, then the GDP growth in 2021-22 can be at 9.6%. Otherwise, GDP growth can be 9.1%.
According to the ratings agency's estimate, by the end of this year. About 52 lakh doses will have to be given in a day to vaccinate the entire adult population. Apart from this, by the end of March next year, everyone else will need to give a single dose.
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