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

Dhar Selected for Safe Cities Project, ₹10 Crore Allocated for Safety Measures

Dhar has been selected for the Safe Cities Project 2026 and it marks the major…

2 hours ago

Athletics Integrity Unit Puts India in Category A: Rising Doping Cases Raise Alarm

The Athletics Integrity Unit (AIU) have upgraded the India to the Category A. This category…

2 hours ago

Which is the Oldest University in the World? Check the List of Top-10

Education has a long and rich history. Some universities in the world were built hundreds…

5 hours ago

Archaeological Survey of India Restoration Project at Konark Sun Temple Explained

The Archaeological Survey of India (ASI) has started the important conservation operation at the Konark…

6 hours ago

Which River is known for Forming the Largest River Island in the World?

River islands are special landforms that form inside rivers when soil, sand, and small rocks…

6 hours ago

UK Tobacco and Vapes Bill Explained: Ban for Those Born After 2009

UK Parliament has approved the Tobacco and Vapes Bill which will permanently ban the individuals…

7 hours ago