India will grow 12.5% in FY22 after contracting by 8% in FY21, even though the pandemic is yet to subside, says IMF.
Quarterly, while the economy has regained its path of growth, the economy is still expected to contract a revised 8%.
The RBI has announced its plans to permit direct retail participation in G-Secs, and has kept key rates unchanged
In calendar year 2021, this rate will be 11%, while the Indian economy is estimated to have declined 8% in 2020.
Fitch Ratings has lowered India's supply-side growth estimates from 2020 - 2025 to 5.1% from 7%; below pandemic levels.
SBI, CRISIL and Fitch are among the latest research houses to have revised India's FY21 GDP estimate upward.
The BJP graphic shows 1.9% as per the IMF's April outlook; with the IMF's June update revising this estimate to -4.5%.