
India's GDP to grow at 7.1% in FY23: SBI Ecowrap
For Q4 FY23, SBI projects the country's GDP will grow at 5.5%.
For Q4 FY23, SBI projects the country's GDP will grow at 5.5%.
Rising borrowing costs and slower income growth will weigh on private consumption growth, says World Bank.
Growth in India is expected to pick up to 6.8% in 2024, with resilient domestic demand despite external headwinds, says IMF.
That the Indian economy will expand is a given, but the searching question is: How much? And whether Union Budget 2023 can help accelerate GDP growth.
Elite top 500 club of India Inc. records best-ever topline growth of 35% to ₹119 lakh cr and impressive 60% jump in profit to ₹9.97 lakh cr. Hyper-growth narrative may, however, change next year.
SBI Research believes that Q2 manufacturing sector growth is likely to be weak on the back of margin compression.
The ratings agency expects RBI's monetary policy committee to hike the key policy rate by another 50 basis points to 5.9% in FY23.
India recorded strongest rebound from COVID but momentum is dissipating due to weaker external conditions, rising global food and energy prices tightening monetary policy, says OECD.