India’s GDP likely to grow at 8.7% in FY22: Motilal Oswal Financial Services


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India's FY22 GDP is expected to grow by 8.7% said Motilal Oswal Financial Services (MOFSL) in a report. "Due to the ferocious second COVID-19 wave, we have revised down our real GDP growth forecasts. Compared with our Mar'21 forecast of 30% YoY, we now expect real GDP growth of 21 per cent YoY in 1QFY22, with some downward revision in 2QFY22 as well,"