Finance Minister Nirmala Sitharaman will be tasked with guiding the Indian economy from the COVID-19 slump
In calendar year 2021, this rate will be 11%, while the Indian economy is estimated to have declined 8% in 2020.
SBI, CRISIL and Fitch are among the latest research houses to have revised India's FY21 GDP estimate upward.
Despite reducing by 7.5%, India's GDP has improved than the first quarter when it had contracted by a record 23.9%.
The Indian economy has declined for a second straight quarter as it limps back to normalcy from the COVID-19 disruptions