India's Q1FY23 GDP Growth Number to be Posted Today, Estimates Range 13-16.2%
2 years, 3 months ago

India's Q1FY23 GDP Growth Number to be Posted Today, Estimates Range 13-16.2%

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Even as gross domestic product data for the April-June 2022 quarter is due for release on Wednesday, analysts have a wide range of growth forecasts from 13 per cent to 16.2 per cent. Rating agency Icra expects India’s GDP to grow 13 per cent in Q1FY23, State Bank of India sees a 15.7 per cent growth, and the RBI forecasts it at 16.2 per cent. ICRA’s GDP Forecast For FY23Q1 Rating agency Icra in its report has said India’s GDP growth in the first quarter of the current financial year 2022-23 is likely to grow 13 per cent, on the back of a low base and robust recovery in the contact-intensive sectors following the widening vaccination coverage. Reuters’ Poll On GDP Growth Reuters in its report said India’s economy is forecast to have expanded by an annual 15.2 per cent in the June 2022 quarter. RBI’s GDP Forecast For June 2022 Quarter The RBI’s real GDP growth projection for 2022-23 stands at 7.2 per cent, with Q1 at 16.2 per cent; Q2 at 6.2 per cent; Q3 at 4.1 per cent; and Q4 at 4.0 per cent, and risks broadly balanced.

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