Categories: Economy

Morgan Stanley cuts India’s FY23 GDP forecast to 7.2%

American brokerage Morgan Stanley cut its FY23 real GDP expansion estimate for India by 0.40 per cent to 7.2 per cent on slower global growth and GDP growth will slow down to 6.4 per cent in FY24. A majority of watchers are expecting FY23 GDP growth to come at over 7 per cent levels. The RBI estimate also stands at 7.2 per cent.

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

Global growth, Morgan Stanley said, is likely to slow to 1.5 per cent YoY in the quarter ending December 2022 from 4.7 per cent in the quarter ended December 2021. Slower trade growth, tighter financial conditions and changes in commodity prices are the three main reasons, it said, is why they see the pace of global growth slow going ahead.

CPI inflation expected by Morgan Stanley:

Morgan Stanley expects the CPI inflation to average 6.5 per cent in F23, as compared to its forecast of 7 per cent earlier. However, they do not expect much change in inflation beyond FY23, and expect it to average 5.3 per cent in FY24. The near-term risks to the inflation trajectory, it said, stem from changes in commodity prices and/or domestic food prices.

Find More News on Economy Here

HINDI ME PADHE.pngHINDI ME PADHE.png

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

India vs Japan: A Tale of Ancient Wisdom and Modern Precision

India and Japan are two remarkable countries with their own special histories and cultures that…

8 hours ago

World Population Day 2025, Date, Theme, Significance, Background

World Population Day, observed annually on July 11, is more than a reminder of the…

9 hours ago

Which District has the Shortest Name in Haryana? Know About It

Haryana is a state in northern India that has many districts. Some of these district…

9 hours ago

Harsh Malhotra Opens India Energy Storage Week 2025

India Energy Storage Week 2025 began with a special session in Delhi on July 10,…

9 hours ago

Trade and Development Foresights 2025 – UNCTAD Report

The United Nations Conference on Trade and Development (UNCTAD) published its annual report titled "Trade…

10 hours ago

Top-5 Makhana Exporting Countries in the World in 2025, Know About Them

Makhana, also called fox nuts or lotus seeds, is a healthy food that many people…

11 hours ago