Rating agency Icra on Monday revised up its 2021-22 real GDP growth estimate for India to 9 percent from the earlier 8.5 percent.
A ramp-up in COVID-19 vaccination, healthy advance estimates of Kharif (summer) crop, and faster government spending were the factors that led to the revision, the agency said in a statement.
ICRA is Gurgaon based credit rating agency, owned by Moody’s Corporation.
