The domestic rating agency ICRA has cut the growth estimate of India for 2021-22 by 0.5 percent on the upper end, and now expects the economy to grow 10-10.5 percent in 2021-22 as against 10-11 percent estimated earlier.
The Cyclone Amphan, which made landfall in May last year near the India-Bangladesh border, was the costliest tropical cyclone on record for the North Indian Ocean, with reported economic losses in India of approximately USD 14 billion.
EXAMIANS