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

Cabinet Approves Ahmedabad (Sarkhej)-Dholera Rail Project Worth ₹20,667 Crore

The Union Cabinet has cleared the Ahmedabad (Sarkhej)-Dholera Semi High-Speed Double Line rail project on…

42 seconds ago

Which state is called God’s Own Country?

Kerala is popularly known as “God’s Own Country.” This beautiful Indian state earned the title…

20 minutes ago

What is Jamun Called in English?

Jamun is one of the most popular tropical fruits found in India and several South…

29 minutes ago

Kevin Warsh Set to Lead US Federal Reserve as Next Chair

Kevin Warsh has appointed as governor of the Federal Reserve by the US Senate. Kevin…

17 hours ago

Which State is Called the Land of Rising Sun?

India is a country rich in geographical diversity and cultural heritage. Many Indian states are…

17 hours ago

Prashant Pise Appointed India’s Ambassador to Oman

India has appointed senior diplomat Prashant Pise as Ambassador to the Sultanate of Oman. Prashant…

17 hours ago