Categories: Economy

FICCI estimate India’s GDP growth rate for FY23 at 7.4%

The Federation of Indian Chambers of Commerce & Industry (FICCI) has estimated India’s GDP to grow at 7.4 per cent in the financial year 2022-23 (FY23). The Ficci’s Economic Outlook Survey was released on April 03, 2022. The report has stated that rising prices due to the Russia-Ukraine conflict is the biggest challenge to the global economic recovery.

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

According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review.

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

How Many Types of Galaxies are there in the Universe? Check the Names

Galaxies are huge groups of stars, gas, dust and dark matter held together by gravity.…

34 mins ago

India’s Atal Pension Yojana Hits Record 9 Crore Enrolments – Here’s Why It’s Booming

Atal Pension Yojana (APY) has reached the historic milestone by achieving the 9 crore total…

47 mins ago

India Textile Exports Growth 2025-26: Rise by 2.1% to ₹3.16 Lakh Crore

India's textile sector have performed well as the exports grown by the 2.1% in FY…

2 hours ago

English Language Day 2026: Importance of English in Global Communication

English Language Day 2026 will be observed on April 23 around the world to celebrate…

2 hours ago

World Book Day 2026: Importance, History, and UNESCO Initiative

World Book and Copyright Day 2026 is observed on 23rd April around the world every…

3 hours ago

List of Important Days in April 2026, National and International Events

April, starting month of the financial year, has many national and international events. From cultural…

4 hours ago