India Ratings cuts India’s growth forecast to 7-7.2 per cent

Daily Current Affairs / India Ratings cuts India’s growth forecast to 7-7.2 per cent

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Category : Business and economics Published on: April 01 2022

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Rating agency India Ratings has revised India's GDP growth rate from 7.6% to 7-7.2% for the fiscal year 2022-23.
Earlier in January the ratings agency Ind-Ra had forecast this rate at 7.6 percent.
The rating agency says if the crude oil price is assumed to be elevated for three months then GDP growth could be 7.2% but if crude prices remain high for another six months, the GDP growth may come down to 7%.

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India Ratings cuts India’s growth forecast to 7-7.2 per cent