New Delhi: Most of the economies that are beaten in Covid grow back.
Even with the third wave of infections soaring throughout the world, most of the economy including India is expected to report strong growth for 2021-22.
SBI recently quoted government data to estimate that Nominal GDP (calculated at current prices, without adjusting inflation) will grow at 17.6 percent in 2021-22, the second level is only for one clock in 2010-11.
This will take overall GDP up to 1 percent above the pre-pandemic level in 2019-20.
But what triggers more sustainable recovery expectations in the month and years outside March 2022 is an in-house survey by Indian largest lenders.
It shows that all industrial sectors, segments that contribute a quarter of Indian economic output, borrow again, trends taken from September 2021.
Some major sectors plan to increase capacity also, show expectations of growth in the future.
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