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.
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.
EXAMIANS