India Economic Forecast

Business Standard brings you the top headlines at this hour

The IMF had revised India's forecast from 1.6 percentage points from 9 per cent in January 2022 to 7.4 per cent in July 2022

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

Goldman Sachs has revised lower its growth projections for India after the April-June quarterly gross domestic product readings missed market estimates.

What do a recent announcement by the finance minister and the projections of the RBI's Monetary Policy Committee have to say about India's real GDP growth in FY23? Let's find out

"While the government's capital infusion into public sector banks will help them meet Basel capital requirements, it will not boost credit growth," the agency said

The Reserve Bank of India revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent

While the economy will still see a fall in FY21, it is likely to be less pronounced than what experts had forecast earlier

HSBC Holdings Plc said India's potential growth could drop to 5% in the post-pandemic world from 6% on the eve of the outbreak and more than 7% before the global financial crisis

Interestingly, all the 50 Nifty components have delivered positive gains during this period.

The World Bank reduced its FY18 India growth estimate to 7% from 7.2% earlier; IMF projected India would growth at 6.7%