Categories: Economy

Morgan Stanely projects India’s GDP for FY23 at 7.9%

Rating Agency Morgan Stanely has projected India’s GDP growth forecast for 2022-23 (FY23) at 7.9%. This is 50 bps less than its earlier projection due to the impact of the Russia-Ukraine conflict on oil prices. Furthermore, Stanley raised the country’s retail inflation estimate to 6%, meanwhile, current account deficits are seen to widen by 3% of GDP.

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

India is affected through three key channels — higher prices for oil and other commodities; trade, and tighter financial conditions, influencing business/investment sentiment. Analysts at the brokerage also raised their inflation forecast to 6 per cent – the upper end of the tolerance band for the RBI – and flagged stagflation risks because of the ongoing events.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

List of RBI Governors of India 1935 to 2024

The RBI Governor is the Chief Executive Officer of the Central Bank of India and the…

4 mins ago

Chaudhary Charan Singh Biography- Age, Political Career, Contributions and Awards

Chaudhary Charan Singh (23 December 1902 – 29 May 1987) was a prominent Indian politician…

8 mins ago

What is the Old Name of Rajasthan?

Rajasthan is a state in north-western India, known for its rich history, beautiful palaces, forts…

17 mins ago

PV Sindhu Biography- Age, Marriage, Career, Records and Net Worth

PV Sindhu is one of India's most celebrated badminton players, known for her exceptional skills,…

1 hour ago

Top-10 Most Expensive Woods in the World, Check the List

Wood is a natural material used in furniture, tools and decoration. It comes from trees…

2 hours ago

India’s First Bio-Bitumen Stretch Inaugurated by Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari, inaugurated India's first bio-bitumen-based National Highway…

2 hours ago