RBI's nowcasting model pegs Q3 real GDP growth at 4.3%

The nowcasting model of Reserve Bank of India (RBI) has forecast real GDP growth at 4.3% for the third quarter of 2022-23. In its monthly bulletin, RBI said its high frequency indicators suggest that domestic economic activity remained resilient in November and early December. During its Monetary Policy Committee meeting, RBI had projected Q3 real GDP to grow at 4.4%.