India's GDP is expected to grow at 9.1 per cent in 2021-22 as economic recovery, post the second wave of the pandemic, seems to be holding ground, Ficci said on Thursday.
Ficci's Economic Outlook Survey also noted that the ongoing festive season would support this momentum.
However, the industry body cautioned that a likely surge in people's movement during Diwali can lead to a rise in the number of Covid cases again.
"The latest round of Ficci's Economic Outlook Survey has put forth an annual median GDP growth forecast for 2021-22 at 9.1 per cent. This marks a marginal improvement from the growth projection of 9 per cent recorded in the previous survey round (July 2021)," the chamber said.
Pick-up in monsoon rains in the latter part of the season and subsequent increase in kharif acreage is likely to keep growth expectations of the agriculture sector upbeat, it said.
