Crisil flags off downside risks to its FY'22 growth forecast after the second wave
CRISILs base GDP growth forecast for fiscal 2022 at stands at 11% but risks are firmly tilted downwards. It has projected two scenarios. One of a moderate downside where GDP growth drops to 9.8%, assuming second wave peaks by May-end. The other of severe downside where GDP growth drops to 8.2%, assuming second wave peaks by June-end.