
India will be world's second-largest economy by 2075, says Goldman Sachs
The main downside risk would be if the labour force participation rate does not increase, says Santanu Sengupta, Goldman Sachs Research's India economist.
The main downside risk would be if the labour force participation rate does not increase, says Santanu Sengupta, Goldman Sachs Research's India economist.
The GDP growth rate in the full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22.
This is the lowest GDP growth forecast for India among other estimates by global financial institutions.
Gross domestic product may expand by 5.9% next year from an estimated 6.9% in 2022, says Goldman Sachs.
Ind-Ra's estimate shows that even if GDP grows at 7.6% every year after FY23, then also India would be able to catch up with pre-pandemic trend growth only by FY35.
Fitch Ratings expects the RBI to continue raising repo rate to 5.9% before year-end.
The U.S. GDP contracted at a 0.9% annual pace in the second quarter of 2022, following a 1.6% annual drop in the March quarter
India has done quite well during the pandemic in terms of navigating income shocks, says an SBI Research report.
This brings India's GDP growth for the March quarter to an one-year low despite managing to outdo expectations by most analysts.
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.