India Growth Rate

What has the G20 achieved so far in 2023? What is hurting India's FDI story? What's behind MFs' optimism in Indian equities? What is the 'Hindu rate of growth'? All answers here

Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction

India's GDP growth fell in the negative zone in 2020. The next year, growth numbers threw a surprise. The sudden jump in GDP growth was due to the previous year's low base. Let's know more about it

Sales uptick in dine-in and delivery channels, new products and gradual royalty hikes are positives

India has seen GDP growth of 7% or more for five straight years only once in the past 30 years

To slash excess liquidity from a 6-month to 3-month level

The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside

The Reserve Bank of India (RBI) has revised downwards its growth projection for FY23 to 7.2 per cent from 7.8 per cent earlier

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Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war. With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year, the agency said. It has revised upwards the GDP growth forecast for the current fiscal by 0.6 percentage points to 8.7 per cent. "However, we have lowered our growth forecast for FY 2022-2023 to 8.5 per cent (-1.8 pp) on sharply higher energy prices," Fitch said while revising up its inflation forecasts. In its Global economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation. "The war in Ukraine and economic sanctions on Russia have put global energy supplies at risk. Sanctions seem unlikely to be rescinded a

Moody's slashed India's growth projection to 9.6% for 2021, from its earlier estimate of 13.9%, and said faster vaccination will be paramount in restricting economic losses to June quarter

These will be on top of RBI's May 5 measures, such as Rs 50,000 cr package for healthcare sector and recast of loans up to Rs 25 cr for individuals and small businesses

The Survey is also bullish about medium-term growth prospects, largely due to the expenditure support and various reforms.

In comparison, emerging markets and developing countries group saw a 2 percentage reduction in outlook while the world outlook was only cut by 1.9 percentage points

India's economic growth is forecast to slow to 1.2 per cent in 2020, a further deterioration from the already slowed growth of 4.1 per cent in 2019

S&P expects India's growth to bounce back in FY22

Crisil had earlier forecast the GDP printing in a 5.7 per cent expansion

Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum, Fitch said

Given India's policy and institutional constraints, it will be difficult to significantly accelerate economic growth from present rates

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