India Ratings and Research (Ind-Ra) has projected the real gross domestic product (GDP) growth rate of the Indian economy to grow at 7.6 per cent year-on-year in 2022-23 (FY23). Ind-Ra is a wholly-owned subsidiary of the Fitch Group. The economic recovery was encouraging, he said, and restrictions put in place by many states to contain the current wave of Covid-19 were not as severe as the second wave. Nonetheless, there are risks to the ongoing recovery, the rating agency warned.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
It pointed to the latest FY22 GDP advance estimates, which show that private final consumption expenditure (PFCE) — the largest component of GDP (58.6 per cent) from the demand side and a proxy for consumption demand — is projected to grow only 6.9 per cent YoY in the current year, despite a low base and sales data of many consumer durables showing robust growth.
The Losar Festival 2026 has begun from 18 to 20 February in McLeod Ganj, Himachal…
Mumbai marked a significant milestone as Chief Minister Devendra Fadnavis inaugurated the first Mumbai Climate…
The Gender Budget allocation in Union Budget 2026-27 has increased to ₹5.01 lakh crore, marking…
Iran briefly shut down parts of the Strait of Hormuz during live-fire naval drills, instantly…
Did you know there is a beautiful island in the world famous for the sweet…
Sixteen years after receiving environmental clearance, the 1,750 MW Demwe Lower hydel project in Arunachal…