Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI
2 years, 1 month ago

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI

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India’s Q2 GDP Growth Forecast: The Reserve Bank of India on Friday said the Indian economy is resilient but also “sensitive to formidable global headwinds”. The central bank pegs the country’s GDP for the July-September 2022 quarter between 6.1 per cent and 6.3 per cent based on economic prediction models and high-frequency indicators, like IIP, PMI, core sector data and inflation, among others. In the last quarter ended June, India’s GDP had grown 13.5 per cent in the June 2022 quarter as compared with the 20.1 per cent growth registered in Q1 2021-22. “GDP data for Q2:2022-23 will be available by the end of this month; based on high-frequency indicators, our nowcasting and full information models peg real GDP growth in Q2 between 6.1 and 6.3 per cent.

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