Indian economy cogwheel accelerating in the backdrop see growth projection for Fy 21-22 in GDP

The positive outlook of India’s GDP growth outlook while articulating that , ‘ GDP outlook in is correspondence to Moody’s growth projection for Fy 21-22 , a very optimistic signal . The Indian economy cogwheel has accelerated in the backdrop of rise in public spending,pent up demand and consumption in festive tailwinds,improvised manufacturing and agricultural output,resumption of sectoral momentum,amplified investment in healtcare,public infrastructure & transport mechanism that has rippling effect on the market place . Additionally, Government’s push to privatisation index by privatisation of Banks . Insurance companies to be followed by LIC IPO has set a new direction in the economic growth landscape. Hence , it seems quite possible that GDP projection of 11.5% to actually turn into 15% by the end of FY 21-22.

Dr Niranjan Hiranandani -National President NAREDCO & MD Hiranandani Group