According to the Reserve Bank of India (RBI), India's economic growth rate is likely to be over 7 per cent in FY23

According to the Reserve Bank of India (RBI), India's economic growth rate is likely to be over 7 per cent in FY23

Daily Current Affairs   /   According to the Reserve Bank of India (RBI), India's economic growth rate is likely to be over 7 per cent in FY23

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Category : Business and economics Published on: May 29 2023

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  • The Reserve Bank of India (RBI) expects growth for 2022-23 to be higher than the advance estimate of 7 per cent as economic momentum continues in the third and fourth quarters of the last financial year.
  • According to the second advance estimate released by the National Statistical Office (NSO) in February, the economy is estimated to grow at 7 per cent
  • In 2022-23 as against 8.7 per cent in the previous fiscal.
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