The World Bank Group member IFC has extended $75 million or over Rs 557 crore debt support to Industrial real estate and logistics parks' developer IndoSpace's logistics fund to develop logistics and industrial parks to enhance warehousing and supply chain infrastructure in India.
India Ratings and Research (Ind-Ra) has revised India's GDP growth forecast for FY22 to 9.4% year-on-year, saying that the country's economic recovery would depend on the progress of its vaccination drive.