India Ratings & Research (Ind-Ra) expects gross domestic product (GDP) to grow 7.6 per cent in fiscal year 2022-23 (FY23), helped partly by continued government spending and a favourable global trade outlook, the ratings agency said on Thursday.
“After two years, the Indian economy will show a meaningful expansion, as the real GDP in FY23 will be 9.1 per cent higher than the FY20 (pre-Covid level) GDP level. However, the size of the Indian economy in FY23 will be 10.2 per cent lower than the FY23 GDP trend value,” said Sunil Kumar Sinha, principal economist with Ind-Ra.
“After two years, the Indian economy will show a meaningful expansion, as the real GDP in FY23 will be 9.1 per cent higher than the FY20 (pre-Covid level) GDP level. However, the size of the Indian economy in FY23 will be 10.2 per cent lower than the FY23 GDP trend value,” said Sunil Kumar Sinha, principal economist with Ind-Ra.
India Ratings & Research (Ind-Ra) expects gross domestic product (GDP) to grow 7.6 per cent in fiscal year 2022-23 (FY23), helped partly by continued government spending and a favourable global trade outlook, the ratings agency said on Thursday.
“After two years, the Indian economy will show a meaningful expansion, as the real GDP in FY23 will be 9.1 per cent higher than the FY20 (pre-Covid level) GDP level. However, the size of the Indian economy in FY23 will be 10.2 per cent lower than the FY23 GDP trend value,” said Sunil Kumar Sinha, principal economist with Ind-Ra.
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