India Ratings projects economy to grow at 7.6% in FY23

Daily Current Affairs / India Ratings projects economy to grow at 7.6% in FY23

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Category : Business and economics Published on: January 22 2022

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India Ratings and Research projects the country's economy is likely to grow at 7.6 percent year-on-year in 2022-23.
The agency also concludes that the Indian economy will show a meaningful expansion, as the real GDP in 2022-23 is expected to be 9.1 percent higher than that in 2019-20 (pre-COVID level).
However, the size of the Indian economy in FY23 will be 10.2 percent lower than the FY23 GDP trend value.
Earlier this month, the National Statistical Office (NSO) in its first advance estimate said gross domestic product (GDP) is expected to grow at 9.2 percent in 2021-22.