RBI Governor says MPC kept policy repo rate unchanged at 6.5% considering the total hike of 250 bps is still working through economy and keeping in mind inflation-growth dynamics
GDP will grow primarily due to festive spending in the coming months followed by higher government spending before the upcoming general elections mid-next year
Rising borrowing costs and slower income growth will weigh on private consumption growth, says World Bank.
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.
Gross domestic product may expand by 5.9% next year from an estimated 6.9% in 2022, says Goldman Sachs.
Amid slowing global growth, export growth will moderate while import growth will be driven by recovering domestic demand, says the World Bank.
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.
Morgan Stanley sees India’s inflation falling to 6.5% in FY23 from 7% estimated earlier, as it sees moderation in commodity price increases improving in the near-term
