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.
National Space Day 2026 celebrated on 23rd August, 2026 in in honor of one of…
Mangrol, the third ASW-SWC, which has more than 80% indigenous content, was handed over to…
India has come up with its first-ever Soil Texture Map by the National Bureau of…
President Droupadi Murmu will present the National Teachers’ Awards 2026 on 5 September 2026 (Teachers'…
Mobile Phone Manufacturing Scheme (MPMS) of INR 62,500 Crore has been announced by the Centre…
Sophie Adenot is a French engineer, helicopter test pilot, military officer and European Space Agency…