Emkay Global slashes FY23 growth estimate by 30bps to 7%
Updated: 01 Jun 2022, 10:21 AM IST
- Emkay Global said that even as the recovery in domestic economic activity is yet to be broad-based, going ahead, the effective fiscal policy impulse may be limited, and financial conditions led by monetary stance will only tighten ahead.
India’s growth was in line with Emkay's expectations at 4.1 percent in Q4FY22, reflecting a concoction of unfavourable base effect and consolidation of activity. Photo: Pixabay