Fitch slashes India's FY23 GDP forecast to 7%
Fitch Ratings expects the RBI to continue raising repo rate to 5.9% before year-end.
Fitch Ratings expects the RBI to continue raising repo rate to 5.9% before year-end.
The recent moderation in commodity prices, if sustained, should help to ease inflationary as well as margin pressures, says ICRA.
This is the second time that the World Bank has revised down its GDP growth forecast for India in the ongoing financial year.
The GDP growth projections range between 5.4% and 9.1%, but there is near-consensus that high inflation and rate hikes will affect India’s economic growth.