The Indian economy is expected to grow at 14-14.5 per cent in the first quarter of current financial year, according to domestic brokerage firm Prabhudas Lilladher. Last year, faced with severe second wave of Covid-19, the India's gross domestic product (GDP) grew at 20.1 per cent year-on-year after witnessing a contraction of 24.4 per cent in the financial year 2020-21 on account of nation-wide lockdown imposed to curb the spread of Covid-19 pandemic.