Omicron may eat up 40 bps of Q4 GDP growth: ICRA

Omicron

The third wave of the pandemic, which has seen a massive spike in infections after the more infectious Omicron variant of the coronavirus appeared, is likely to shave 40 bps off the fourth quarter GDP growth that may print in at 4.5-5 percent, warns ICRA Ratings.

Accordingly, ICRA sees the third wave shaving around 40 bps off the March quarter GDP growth, which may print in at 4.5-5 percent going by the early assessment, Nayar told PTI.

News Source:- Moneycontrol

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