India's GDP 2022: India's GDP Growth forecast cut to 7 percent by FICCI Survey

Daily Current Affairs / India's GDP 2022: India's GDP Growth forecast cut to 7 percent by FICCI Survey

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Category : Business and economics Published on: July 23 2022

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The Federation of Indian Chambers of Commerce and Industry (FICCI) released its quarterly survey on July 21, 2022.
The survey has slashed India's GDP growth forecast to 7 percent from previous 7.4 percent in Fiscal Year 2022-23.
FICCI, in its previous survey held in April, had estimated a 7.4 percent growth.
India's GDP forecast for FY 2022-23 by FICCI Survey is slower than RBI's projection of 7.2 percent.
The survey noted that the war in Ukraine is likely to keep inflation high and dent consumer demand.

India's GDP 2022: India's GDP Growth forecast cut to 7 percent by FICCI Survey