ICRA cuts India's FY23 GDP growth forecast to 7.2%

Daily Current Affairs / ICRA cuts India's FY23 GDP growth forecast to 7.2%

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Category : Business and economics Published on: March 31 2022

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Ratings agency ICRA has lowered India's FY23 GDP growth forecast to 7.2 per cent from an earlier projection of 8 percent.
The ICRA Ltd. has projected the GDP growth forecast for 2021-22 (FY22) at 8.5%.
Besides, the rating agency projected GDP expansion in FY22 at 8.5 per cent, which is modestly lower than the National Statistical Office's (NSO's) second advance estimate of 8.9 per cent.

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ICRA cuts India's FY23 GDP growth forecast to 7.2%