scorecardresearchQ4FY22 GDP growth seen at 4.2%; FY22 at 9.2% and FY23 at 7.5%: Nirmal Bang Equities

Q4FY22 GDP growth seen at 4.2%; FY22 at 9.2% and FY23 at 7.5%: Nirmal Bang Equities

Updated: 20 May 2022, 08:32 AM IST
TL;DR.
  • The brokerage firm said that services output (including construction) is likely to grow by 6 percent YoY in Q4FY22, slowing from 6.7 percent in Q3FY22 and up from 3.2 percent in Q4FY21.
Many brokerage firms and rating agencies have trimmed India's growth forecast due to higher inflation and rate hikes. Photo: Pixabay

Many brokerage firms and rating agencies have trimmed India's growth forecast due to higher inflation and rate hikes. Photo: Pixabay