Rating agency Crisil on Monday said that India’s GDP growth rate could fall to 8.2 per cent in the financial year 2021-22, assuming that the second COVID-19 wave will reach a peak number of cases by June end. Earlier in April, the rating agency had projected India’s GDP to grow 11 per cent in FY22. The report added that in case the COVID-19 pandemic infections reach a peak number of cases by May-end, the GDP growth will drop to around 9.8 per cent. The report added that the intensity of the second wave of COVID-19 infections in India has come as a surprise, and is haemorrhaging the country’s healthcare infrastructure. That has made lockdowns and restrictions inevitable.