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Indian economy to grow by 7-7.8 pc in FY23 despite global headwinds: Experts

Sumary of Indian economy to grow by 7-7.8 pc in FY23 despite global headwinds: Experts:

  • Kumar state that the global headwinds of rising commodity values do constitute side threats for the Indian economic outlook as the CPI stages are elevated.
  • Echoing similar views, eminent economist and Institute for Studies in Industrial Development (ISID) administrator Nagesh Kumar said the high-frequency facts component to a beefy growth momentum carrying through 2022-23 with an actual GDP growth somewhere between 7-7.8 per cent.
  • India economy grew 8.7 per cent in the last fiscal (2021-22) against a 6.6 per cent shortening in the previous year.
  • The World Bank has cut India economic growth forecast for the actual fiscal to 7.5 per cent as rising inflation, supply series delays, and geopolitical tensions decrease recovery.

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