Categories: Economy

DBS revises India’s FY2023 growth forecast to 7 per cent

The Singapore-based DBS Bank’s economic research team has revised India’s FY23 growth forecast upwards to 7 per cent year-on-year (y-o-y) (CY2022 6.5 per cent) from 6 per cent earlier. The DBS team assessed that into FY23, beyond the thrust from reopening gains, precautionary savings and sectoral normalisation to pre-pandemic levels, Capex generation is likely to be the next driver in raising and maintaining growth on a higher plane.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Asian Games 2026: India Wins 85 Medals, Complete Medal Tally and Key Winners

India finished their Asian Games 2026 with a fourth place performance after achieving an impressive…

3 hours ago

Asian Games 2026: India Defend Men’s Hockey Gold With 5-1 Win Over Malaysia

The India national men’s hockey team retained their Asian Games title by defeating Malaysia 5-1…

6 hours ago

Aman Sehrawat Wins Gold in Men’s 57kg Wrestling at Asian Games 2026

The Indian wrestler Aman Sehrawat clinched the gold medal in men’s 57kg freestyle wrestling during…

8 hours ago

PM Modi’s ‘Mann Ki Baat’ Completes 12 Years

PM Narendra Modi’s monthly radio programme ‘Mann Ki Baat’ marked its 12-year anniversary on October…

8 hours ago

World Animal Day 2026: Date, History, Significance and Theme

World Animal Day to be celebrated on the 4th of October each year to make…

9 hours ago

India Beat Pakistan to Win Asian Games 2026 Men’s Cricket Gold

India secured gold in the men's cricket final of the Asian Games 2026 by beating…

10 hours ago