GDP to grow at 11% in FY22, says Crisil  

Context: Crisil said it expects the Indian economy to grow at 11% in fiscal 2022, after an estimated 8% contraction this fiscal due to the pandemic.

Details:

The growth will be driven by four factors:

• people learning to live with the new normal,
• flattening of the COVID-19 affliction curve,
• roll-out of vaccines, and
• investment-focused government spending.

CRISIL:

• CRISIL (formerly Credit Rating Information Services of India Limited) is an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of American company S&P Global.
• CRISIL, was the first credit rating agency in India, introduced in 1988 by the ICICI and UTI jointly with share capital coming from SBI, LIC and United India Insurance Company.
• In April 2005, US based credit rating agency S&P acquired the majority shares of the company.

https://www.thehindu.com/todays-paper/tp-business/gdp-to-grow-at-11-in-fy22-says-crisil/article34032192.ece