India's GDP is likely to grow over 9.5% in financial year 2021-22, an SBI Research report said. In first half of FY21, India exhibited a real GDP loss of ₹11.4 lakh crore due to complete lockdown in April-May and partial lockdown in June-September, it added. However, in first half FY22, the real gain was around ₹8.2 lakh crore, it said.