RBI MPC raises GDP growth forecast to 6.5% for FY24
India's economic activity remains resilient, says RBI governor Shaktikanta Das.
India's economic activity remains resilient, says RBI governor Shaktikanta Das.
S&P forecasts inflation to come down 5% in FY24 from 6.8% in the ongoing financial year.
Moody's Investors Service has increased India's GDP growth estimate from 4.8% to 5.5% for 2023.
The agency says pent-up demand which had provided thrust to the growth in the first half of FY23 is already normalising.
Economic activity in Q3 FY23 remained distinctly uneven, says ICRA.
Growth in India is projected to slow to 6.9% in FY23, says World Bank.
Nominal GDP in the current fiscal is estimated to grow at 15.4% this fiscal compared with 19.5% in the previous financial year.
SBI Research believes that Q2 manufacturing sector growth is likely to be weak on the back of margin compression.
Gross domestic product may expand by 5.9% next year from an estimated 6.9% in 2022, says Goldman Sachs.
The ratings agency expects RBI's monetary policy committee to hike the key policy rate by another 50 basis points to 5.9% in FY23.