Categories: Economy

India Ratings lowers India’s FY23 GDP growth forecast to 7-7.2%

India Ratings and Research (Ind-Ra) has revised downwards the GDP growth forecast for India in FY23 to 7-7.2 per cent. Earlier in January, the rating agency Ind-Ra had forecast this rate at 7.6 per cent.

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

According to Ind-Ra, in scenario one, the crude oil price is assumed to be elevated for three months, and in scenario two, the assumption is for six months, both with a half cost pass-through into the domestic economy. Since the duration of the Russia-Ukraine conflict continues to be uncertain, Ind-Ra has created two scenarios with respect to the FY23 economic outlook basis certain assumptions.

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

IRDAI Retains The Systemically Important Status LIC, GIC Re & New India Assurance

For the FY-26 Insurance Regulatory and Development Authority of India (IRDAI) has retained three major…

4 mins ago

CBSE Introduces AI Curriculum On Computational Thinking For Classes 3-8: Everything You Need to Know

At Vigyan Bhawan, New Delhi on the 2nd of April, 2026 Honorable Union Minister for…

2 hours ago

GK Quiz on Good Friday 2026, Questions and Answers

Good Friday 2026, observed on April 3, is one of the important day of the…

2 hours ago

Nitish Kumar to Take Rajya Sabha Oath on April 10 – What’s Next?

Chief Minister of Bihar Nitish Kumar is set to take oath as a Rajya Sabha…

2 hours ago

Which is the largest Coriander Producing State in India?

Coriander is a very common spice used in almost every dish. It has a fresh…

3 hours ago

IAS Chanchal Kumar Takes Charge as I&B Secretary – What It Means for Media

Shri Chanchal Kumar has taken charge as the Secretary of the Ministry of Information and…

3 hours ago