GDP Likely To Grow 7.6% In FY23:Ind-Ra
Financial Express Mumbai|January 21, 2022
INDIA RATINGS AND Research on Thursday forecast the real gross domestic product (GDP) to grow 7.6% on year in FY23, against an estimated expansion of 9.2% in the current fiscal upon a sharply-contracted base.

The real GDP in FY23 will be 9.1% higher than the pre-Covid (FY 20) level. However, the size of the economy in FY23 will still be 10.2% lower than the FY23 GDP trend value (had the pandemic not slammed the brakes on growth), it added. Persistent weakness in private consumption and investment demand is estimated to contribute 43.4% and 21%, respectively, to this shortfall, it reckoned.

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