CRISIL cuts FY23 GDP growth forecast to 7%

Daily Current Affairs / CRISIL cuts FY23 GDP growth forecast to 7%

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Category : Business and economics Published on: November 24 2022

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CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously.
Consequently, CRISIL expects India’s GDP growth to slow to 6 per cent in fiscal 2024, down from the 6.5 per cent estimated previously.
The revised forecast for the current fiscal includes Q2GDP growth expectation of 6.5% against 13.5% in Q1, and just 4.5% GDP expansion in the second half.

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CRISIL cuts FY23 GDP growth forecast to 7%