ICRA cuts 2022-23 GDP growth forecast to 7.2% from 8%
2 years, 8 months ago

ICRA cuts 2022-23 GDP growth forecast to 7.2% from 8%

The Hindu  

Rating agency ICRA has slashed its 2022-23 growth forecast for India’s GDP to 7.2% from 8%, citing elevated commodity prices and supply chain challenges arising from the Russia-Ukraine conflict, as well as higher prices of fuels and edible oils denting demand due to squeezed household incomes. “Moreover, the K-shaped recovery appears likely to continue with the formal sector gaining market share in the coming year,” said ICRA chief economist Aditi Nayar, adding that higher prices of fuels and items such as edible oils are likely to compress disposable incomes in the mid to lower income segments, constraining the demand revival in 2022-23. While the extension of free foodgrains under Pradhan Mantri Garib Kalyan Ann Yojana until September 2022 may offer some respite to the food budgets of vulnerable households, Ms. Nayar said ‘behaviour normalisation’ in the mid- to upper-income segments could drive consumption of contact-intensive services that were avoided during the COVID-19 pandemic so far. An early kick-off of the government’s budgeted capex programme remains crucial to boost investment activity in the first half of the coming year, the agency said.

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History of this topic

Will India's economic growth pick up pace? Nirmala Sitharaman answers
1 week, 1 day ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26
1 week, 4 days ago

India FY25 GDP: Fitch slashes India’s growth forecast to 6.4% from 7% for 2025-26

Live Mint  

India's growth forecast: US-based credit rating agency, Fitch Ratings on Friday revised India's GDP forecast to 6.4 per cent to 7 per cent for FY25. This cut comes after the Reserve Bank of India, in its recent monetary policy committee, revised India's growth forecast to 6.6 per cent from 7.2 per cent. In the July-September quarter of FY25, the Indian …

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025
2 weeks, 4 days ago

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025

India TV News  

The State Bank of India forecasted India's GDP growth at 6.3 pc, lower than the Reserve Bank of India's projection of 6.6 pc for FY25 in its latest report. The report forecast comes after the RBI sharply downgraded its real GDP growth projection for FY25 from 7.2 per cent to 6.6 per cent during its latest Monetary Policy Committee meeting, …

December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman
2 weeks, 4 days ago

December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman

Live Mint  

New Delhi: India’s economic growth decelerated in the September quarter because of the general election earlier in the year and not a systemic issue, finance minister Nirmala Sitharaman said on Friday, expressing confidence that growth in the December quarter would make up for the lost momentum. Speaking at the India Japan Forum 2024 in the capital, a closed-door meeting between …

India’s GDP growth shocker: Bad news can be good too
2 weeks, 6 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 4 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

Experts see GDP growth below 6.5% in second quarter
3 weeks, 5 days ago

Experts see GDP growth below 6.5% in second quarter

New Indian Express  

NEW DELHI: Ahead of the release of official GDP numbers for the second quarter of FY25, economic analysts present varied estimates ranging from 6.2% to 6.9%. The outlook reflects contrasting indicators from various sectors of the economy, highlighting both structural challenges and potential growth drivers. ICRA has projected GDP growth to dip to 6.5% in Q2 from 6.7% in Q1FY25. …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
1 month ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy
3 months ago

ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy

The Hindu  

The Asian Development Bank on Wednesday retained India's growth forecast for the current fiscal at 7% and said that the economy is expected to accelerate in the coming quarters on improved farm output, and higher Government spending. In its Asian Development Outlook update of September, the ADB said exports in the current fiscal will be higher than earlier projected, led …

Economic growth of India is better than that of China, says economist
3 months, 1 week ago

Economic growth of India is better than that of China, says economist

The Hindu  

Disputing a popular notion that the economic growth of China was faster than India’s, economist A.P. Though the investment in production activity in India is at the rate of 31.2% of the GDP in the production activity, the ICUR in India is only 4.5% and the growth rate was high at 7%,” Prof Tiwari said. The budding entrepreneurs in the …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
3 months, 3 weeks ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

India Ratings jacks up growth forecast to 7.5% this fiscal
4 months, 3 weeks ago

India Ratings jacks up growth forecast to 7.5% this fiscal

New Indian Express  

Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5 percent—the highest among all analysts and 30 bps over the Reserve Bank estimate. Pegging higher growth at 7.5 percent for this …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Indian economy projected to grow by 8% in FY25: CII president Sanjiv Puri
6 months, 1 week ago

Indian economy projected to grow by 8% in FY25: CII president Sanjiv Puri

Hindustan Times  

New Delhi: A GST council, like a federal body, could help in building consensus between the Centre and states over the next generation of reforms in key sectors such as agriculture, education, health and water, Confederation of Indian Industry president Sanjiv Puri said estimating Indian economy’s potential to achieve an 8% growth in FY25. Confederation of Indian Industry president Sanjiv …

India’s Growth to Steady at 6.7% Till 2026: World Bank
6 months, 1 week ago

India’s Growth to Steady at 6.7% Till 2026: World Bank

Deccan Chronicle  

Chennai: India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate, finds the World Bank. While retaining the GDP growth forecast for FY24 and FY25 at 6.6 per cent and 6.7 per cent respectively, the World Bank estimated the country to clock 6.8 per cent growth in FY26. Growth in industrial …

India may grow 6.7% on average from FY25-FY27: World Bank
6 months, 1 week ago

India may grow 6.7% on average from FY25-FY27: World Bank

Hindustan Times  

India will remain the fastest-growing major economy recording a steady growth of 6.7 per cent in the next three years including the current financial year, said a world bank report released on Tuesday. In India, growth is estimated to have picked up to 8.2 per cent in fiscal year 2023/24 -- 1.9 percentage points higher than estimated in January, according …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
6 months, 2 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
6 months, 3 weeks ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

ICRA sees Q4 GDP growth at 6.7 pc
7 months ago

ICRA sees Q4 GDP growth at 6.7 pc

Deccan Chronicle  

Chennai: The GDP growth for the March quarter of FY24 is estimated to moderate to 6.7 per cent, finds ICRA. For the full-year FY2024, ICRA expects the GDP and GVA growth to print at 7.8 per cent and 7 per cent, unless the growth for 9M FY2024 is revised. For Q4, the industrial GVA might ease from 10.4 per cent …

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
7 months, 1 week ago

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

Associated Press  

UNITED NATIONS — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. “Globally, energy and food prices are inching upward in recent months, but I think a bit more insidious even is the persistence …

IMF forecasts India’s economy to grow 6.8% this fiscal year
8 months, 1 week ago

IMF forecasts India’s economy to grow 6.8% this fiscal year

The Hindu  

The International Monetary Fund on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The global economy had remained “remarkably resilient” with steady growth and inflation returning to target and had “defied expectations of stagflation and global recession” in the wake of the post-pandemic supply disruptions, …

ADB raises India's GDP growth forecast for FY25 to 7% on robust investment, consumer demand
8 months, 2 weeks ago

ADB raises India's GDP growth forecast for FY25 to 7% on robust investment, consumer demand

The Hindu  

The Asian Development Bank on Thursday raised India's GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier, saying the robust growth will be driven by public and private sector investment demand and gradual improvement in consumer demand. For the 2025-26 fiscal, the ADB has projected India's growth at 7.2 per cent. On balance, …

World Bank projects Indian economy to grow at 7.5% in 2024
8 months, 3 weeks ago

World Bank projects Indian economy to grow at 7.5% in 2024

Hindustan Times  

The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India. Overall, growth in South Asia is expected …

Indian economy to grow at 7.5 per cent in 2024, projects World Bank
8 months, 3 weeks ago

Indian economy to grow at 7.5 per cent in 2024, projects World Bank

India TV News  

The Indian economy will grow at 7.5 per cent in 2024, according to latest estimates by the World Bank. It raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia. The increase in the projected growth rate for …

On-target growth: 8% plus in 2023-24?
8 months, 3 weeks ago

On-target growth: 8% plus in 2023-24?

Live Mint  

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. Further, for …

Latest GDP numbers mystifying, they don't add up: Arvind Subramanian
9 months, 1 week ago

Latest GDP numbers mystifying, they don't add up: Arvind Subramanian

India Today  

Former chief economic adviser Arvind Subramanian on Friday said the government's GDP numbers don't add up and were "mystifying". Speaking at the 21st edition of the India Today Conclave 2024 in New Delhi, Arvind Subramanian said, "I can't understand the latest GDP numbers, they are mystifying, and don't add up. As per the latest GDP numbers, the Indian economy grew …

Moody's raises India's 2024 growth forecast to 6.8%
9 months, 2 weeks ago

Moody's raises India's 2024 growth forecast to 6.8%

The Hindu  

Global rating agency Moody's on March 4 raised India's growth forecast for 2024 calendar year to 6.8%, from 6.1% estimated earlier, on the back of 'stronger-than-expected' economic data of 2023 and fading global economic headwinds. “Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023,” Moody’s Investors Service said. India is …

Facts and statistics: The Hindu Editorial on the national income data released by the National Statistical Office
9 months, 3 weeks ago

Facts and statistics: The Hindu Editorial on the national income data released by the National Statistical Office

The Hindu  

The latest national income data released by the National Statistical Office last week have generated a fair amount of excitement as well as bewilderment. While the markets have cheered the NSO’s estimate of a robust 8.4% year-on-year growth in real gross domestic product in the October-December quarter, some economists have been hard pressed to reconcile the sharp differences of well …

India’s Q3 GDP bucks all estimates at 8.4% growth
9 months, 3 weeks ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’
9 months, 3 weeks ago

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Thursday took to social media platform X after government data showed that India's economy grew by 8.4 per cent in the December quarter. The growth rate of GDP during 2023-24 is estimated at 7.6 per cent compared to the growth rate of 7.0 per cent in 2022-23," the government statement added. The GDP at current …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
10 months, 2 weeks ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

Nirmala Sitharaman: 7% Growth Possible; Global Agencies Like IMF Have Enhanced Assessments
10 months, 3 weeks ago

Nirmala Sitharaman: 7% Growth Possible; Global Agencies Like IMF Have Enhanced Assessments

News 18  

The Narendra Modi government is confident of managing inflation as well as maintaining the robustness in economic growth, said union finance minister Nirmala Sitharaman on Friday in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi, a day after presenting the interim budget in Parliament ahead of the Lok Sabha elections. The International Monetary Fund has raised its 2024-25 GDP …

Vantage | What India must do to be a $7 trillion economy by 2030
10 months, 3 weeks ago

Vantage | What India must do to be a $7 trillion economy by 2030

Firstpost  

As the Indian government gears up to present the annual budget in what is considered the last one ahead of the general election, the focus is on maintaining stability with an interim budget. In the next three years, India aims to secure its position as the world’s third-largest economy, targeting a GDP of $5 trillion dollars. Projections for India’s growth …

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das
11 months, 1 week ago

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das

India TV News  

Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland. We expect the Indian economy to grow 7 per cent in fiscal 2024-25," said Das. …

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
11 months, 2 weeks ago

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates

India TV News  

The government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23. Releasing the first advance estimates of National Income for 2023-24, the NSO said, "Real GDP or GDP at Constant Prices in the year 2023-24 is estimated to attain a level of Rs 171.79 …

India’s real GDP growth for 2023-24 estimated at 7.3%
11 months, 2 weeks ago

India’s real GDP growth for 2023-24 estimated at 7.3%

The Hindu  

India’s real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, as per the first advance estimates of national income released by the National Statistical Office on Friday, which reckon the economy will outperform the 7% uptick recently projected by the Reserve Bank of India. With GDP growth in the first half of this year …

India Projected to Become World's Third-Largest Economy by 2030
1 year ago

India Projected to Become World's Third-Largest Economy by 2030

Deccan Chronicle  

New Delhi: American credit rating agency S&P Global Ratings said on Tuesday that India will become the world’s third largest economy by 2030 as it forecast the country’s gross domestic product or GDP growth reaching 7 per cent in the 2026-27 fiscal year. “India is set to become the third-largest economy by 2030, and we expect it will be the …

India’s GDP grew by 7.6 per cent during July-September quarter
1 year ago

India’s GDP grew by 7.6 per cent during July-September quarter

Op India  

The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. The Reserve Bank of India had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent. The International Monetary Fund had …

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts
1 year, 1 month ago

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts

Hindustan Times  

India’s gross domestic product may expand by nearly 7% in the second quarter of FY24 on sound economic fundamentals, exceeding the Reserve Bank of India’s October 6 estimate of 6.5%, but in line with governor Shaktikanta Das’s prediction on Tuesday, at least four experts said. Speaking at the Business Standard BFSI Insight Summit on Tuesday, Das said India’s economic growth …

IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption
1 year, 2 months ago

IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption

India TV News  

The International Monetary Fund has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. Inflation and global growth outlook The IMF estimated India's consumer inflation for the fiscal year at 5.5%, slightly above the Reserve Bank of India's forecast of 5.4%. Globally, the IMF predicts a slowdown in …

IMF raises India growth forecast to 6.3% for FY24
1 year, 2 months ago

IMF raises India growth forecast to 6.3% for FY24

Hindustan Times  

The Indian economy will grow faster than previously estimated this year, the International Monetary Fund said in its World Economic Outlook released Tuesday, and remain the world’s fastest growing major economy this year and next, but global growth will slow marginally next year even as global inflation rises faster than previously estimated. While the IMF’s upward revision of India’s 2023-24 …

IMF raises India growth forecast for FY24 to 6.3%
1 year, 2 months ago

IMF raises India growth forecast for FY24 to 6.3%

Live Mint  

The International Monetary Fund lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption” during the June quarter. The five emerging market economies—Brazil, China, India, Indonesia and Russia—have contributed about 0.9% percentage points to the decline in medium-term global growth prospects between 2008 and 2023, the IMF report added. In its global …

World Bank maintains India's GDP growth at 6.3 % for FY24
1 year, 2 months ago

World Bank maintains India's GDP growth at 6.3 % for FY24

Hindustan Times  

The World Bank on Tuesday projected that India's economy will grow at 6.3% in the ongoing fiscal year, maintaining a projection that it first gave in April, months after its December 2022 estimate of 6.6% for FY23-24. World Bank maintains India current fiscal year growth forecast at 6.3% India's FY 2022-23 growth of 7.2% shows that the country ‘continues to …

India shows an impressive 7.8% economic growth in April-June quarter
1 year, 3 months ago

India shows an impressive 7.8% economic growth in April-June quarter

Associated Press  

NEW DELHI — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year, attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. India’s agriculture sector recorded growth of 3.5% in three months, up from 2.4% in the April-June quarter last year, according to the data released …

India’s GDP growth accelerates to one-year high at 7.8% in June quarter
1 year, 3 months ago

India’s GDP growth accelerates to one-year high at 7.8% in June quarter

Live Mint  

India's gross domestic product grew by 7.8 per cent in the April-June quarter of current fiscal, compared to a growth of 6.1 per cent in the previous January-March quarter of fiscal 2022-23, according to official data shared by the National Statistical Office. However, some economists and rating agencies expect India's Q1 GDP print to beat the 8 per cent forecast …

India’ GDP growth likely at 8.5% in first quarter: Icra
1 year, 4 months ago

India’ GDP growth likely at 8.5% in first quarter: Icra

Live Mint  

Icra Ratings which released a report on Tuesday said that India's economic growth will accelerate to 8.5% in the April-June period of the current fiscal from the 6.1% growth rate witnessed in the preceding January-March quarter. Nayar said erratic rainfall, narrowing differentials with year-ago commodity prices, and possible slowdown in momentum of government capex "as we approach the Parliamentary elections …

IMF predicts Indian economy to grow at 6.1 percent in 2023
1 year, 4 months ago

IMF predicts Indian economy to grow at 6.1 percent in 2023

Deccan Chronicle  

Washington: The International Monetary Fund has predicted that India's economy will grow at 6.1 percent in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment. IMF said in the latest update of the World Economic Outlook that growth in …

IMF raises India’s 2023 GDP growth forecast to 6.1%
1 year, 4 months ago

IMF raises India’s 2023 GDP growth forecast to 6.1%

Live Mint  

The International Monetary Fund on Tuesday revised India’s GDP growth forecast to 6.1% for 2023, up from 5.9% projected by the financial institution earlier this year as a result of stronger domestic investment. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the …

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