Just in: State Bank of India has downgraded its growth projections for this year from 10.4% to 7.9%, with an upward bias linked to the 'fervent hope of 1 crore #vaccinations per day beginning mid-July as per Government projections'. | reports @tragicosmicomic
@tragicosmicomic India's #economic recovery will now be 'W-shaped' instead of the 'V-shaped recovery' anticipated earlier. | via @tragicosmicomic
@tragicosmicomic This #GDP projection assumes a real GDP loss of Rs.4.2 lakh crore, a normal situation post-July and the possibility of no third wave. | @tragicosmicomic
@tragicosmicomic #SBI expects a 'disproportionately larger impact' on the economy from the second #COVID19 wave, especially since rural #India is not as resilient as urban India. - reports @tragicosmicomic
@tragicosmicomic "The pick up in pent-up demand is unlikely to make a large difference in FY22 GDP estimates, and hence it could only be a modest pick up," the group's chief economic advisor Soumya Kanti Ghosh said in a report. | via @tragicosmicomic
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