
World Bank cuts India's FY24 GDP growth forecast to 6.3%
Rising borrowing costs and slower income growth will weigh on private consumption growth, says World Bank.
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