India GDP Growth

Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.

GDP preview: Why is India likely to retain fastest-growing economy tag

The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside

However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29

The divergence in real GDP growth and employment growth may continue into 2022-23, although it could be much smaller

While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022

"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."

A high growth rate for India is positive news for the world, IMF MD Kristalina Georgieva has said.

Sluggish recovery in consumption demand, uncertainties of Ukrainian war cited

He said that even the fact that India is able to buy some cheap oil from Russia at the moment, the big picture is still that they are being hurt by the high commodity prices in the market

Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India's economic performance

Most respondents see status quo on repo, reverse repo and stance

States should not go back on pensions

Key flank of India's growth gambit runs into the knock-on effects of the Russia-Ukraine war

He urged Finance Minister Nirmala Sitharaman that she must reassess these growth projections and tell the House about the more realistic nominal and real GDP growth numbers

The report noted that a number of developing country central banks also engaged in quantitative easing: active purchasing of bonds in the open market

Last month, the agency revised India's economic growth estimates in CY2022 upwards to 9.5 per cent from 7 per cent on stronger than expected recovery.

As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India's GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent

India's gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil.

Asia's third-largest economy is projected to grow 8.9 per cent in the fiscal year ending March 31, slower than previously anticipated 9.2 per cent, according to the recent government data.