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S&P Global retains India's GDP growth projection at 7.3% for FY23
short by Dharini Mudgal / on Monday, 26 September, 2022
S&P Global Ratings has said, "We've retained our India's [GDP] growth outlook at 7.3% for the fiscal year 2022-2023 and 6.5% for the next fiscal year." It also cited downside risks and said that inflation is likely to remain above RBI's upper tolerance threshold of 6% till 2022-end. Notably, ADB has slashed India's GDP growth forecast to 7% for FY23.
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