India’s GDP grew by 13.5% in the fourth quarter of this year. Statistics were released today by the National Statistics Office (NSO).
- India’s GDP is expected to grow by 13.5% from April to June 23, 2022.
- The RBI forecasts GDP growth of 16.2% in the first quarter of 2023.
- China’s GDP expanded by 0.4% over the four months from April to June 2022.
New Delhi: India’s GDP growth reached 13.5% in April-June 2023. The National Bureau of Statistics (NSO) released the statistics today. GDP growth data are calculated on an annual basis. The RBI forecasts GDP growth of 16.2% in the first quarter of 2023.
India’s gross domestic product (GDP) grew by 13.5% in the fourth quarter of the fiscal year, excluding base effects, according to official data released on Wednesday. According to the National Bureau of Statistics, gross domestic product (GDP) increased by 20.1% compared to the same period from April to June 2021. (ON THE).
Due to the base effect, many economists predict that the Indian economy will grow in double digits. The credit rating agency ICRA forecasts an overall growth rate of 13% between April and June 2022, while the State Bank of India expects a growth rate of 15.7%.
The Reserve Bank of India (RBI) said at a monetary policy meeting earlier this month that GDP growth in the first quarter of this year will be around 16.2%. China’s economic growth rate from April to June 2022 was 0.4%.
Earlier this month, the Reserve Bank of India (RBI) forecast that the country’s gross domestic product (GDP) would grow by 16.2% in the first quarter of the fiscal year. . China’s GDP expanded by 0.4% over the four months from April to June 2022. The credit rating agency ICRA forecasts an overall growth rate of 13% between April and June 2022, while the State Bank of India expects a growth rate of 15.7%.
Goldman Sachs cut its growth forecast for India to 7% for FY23. Morgan Stanley sees downside risks
Goldman Sachs cut its growth forecast for India after its April-June gross domestic product forecast came in below market expectations.
Morgan Stanley said in a statement that weaker-than-expected growth between April and June presents a 40 basis point downside risk to growth forecasts for the current fiscal year. India’s quarterly real GDP growth was reported to have risen 13.5% year-on-year this year, below economists’ forecast of 15.2%. This is the subject of a Reuters poll. “From our point of view, that number is lower than expected,” said Santanu Sengupta, Goldman Sachs India economist, later noting that it fell to -3.3% in the quarter.
Upasana Chakra, an Indian economist at Morgan Stanley, said investment growth was slightly weaker than expected and weakened further. The statistical difference was unbelievable.” Of net exports. He said the 7.2% growth forecast for fiscal 2022-23 is at risk of going down 40 basis points.
Goldman Sachs cut its growth forecast for India after its April-June gross domestic product forecast came in below market expectations.