
UN scales down India GDP growth to 6.4%
The ongoing conflict in Ukraine, higher commodity prices and negative spillover effects from monetary tightening in the US have deteriorated the growth outlook.
The ongoing conflict in Ukraine, higher commodity prices and negative spillover effects from monetary tightening in the US have deteriorated the growth outlook.
After an off-cycle MPC meet, RBI governor Shaktikanta Das says even as domestic economic drivers are strong, they face headwinds from global spillovers.
RBI, in its April bulletin, says spurring private investment is the key to ensure sustaining growth on a durable basis.
The seemingly divergent forecasts on India's gross domestic production growth may be due to multiple reasons, all valid in their own ways.
World Bank says growth in India will be affected due to worsening supply bottlenecks and rising inflation risks caused by the Ukraine crisis.
Slow consumer sentiments recovery could be detrimental for the already shaken Indian economy as depressed consumer sentiments will impact consumer spending.
Finance ministry is hopeful of Indian economy's resilience on the back of the government’s thrust on infrastructure and the improved corporate profitability.
The BSE Sensex and the NSE Nifty are set to open higher on Thursday, mirroring mixed cues from Asia and positive trade on SGX Nifty futures.
The rating agency lowered India's GDP growth forecast due to the Russia-Ukraine war.
It would be over-optimistic to assume the war impact will be transient; the old ideological division may reignite.