India’s GDP projected to moderate to 5.8% in 2023, remains ‘strong’ amid challenging prospects: UN

<ul><li>The World Economic Situation and Prospects 2023 report said the world output growth is projected to decelerate from an estimated three per cent in 2022 to 1.9 per cent in 2023.</li></ul>

Inflation has peaked; rate hike cycle to come to an end soon: Puneet Pal of PGIM India Mutual Fund

Investors should frame their asset allocation by considering their financial goals, investment horizon and risk appetite, said Pal.

China’s GDP sinks to 3% in 2022, second lowest in 50 years

<ul><li>The annual GDP of China totalled 121.02 trillion yuan (USD 17.94 trillion) in 2022, falling below the 5.5 per cent official target, the National Bureau of Statistics (NBS) said.</li></ul>

Credit Suisse, IMF and World Bank are optimistic about Indian economy despite global headwinds

Credit Suisse expects domestic demand will remain resilient, led by a pickup in government spending and private capital expenditure. A recovery in real estate and government initiatives (like Production Linked Incentive Schemes) will boost the manufacturing sector, it said. 

Fitch retains India growth forecast at 7% for this fiscal but cuts projections for next 2 years

In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25.

World Bank revises upwards India's GDP growth forecast to 6.9% for FY23

The World Bank has upgraded its growth forecast for India to 6.9 per cent for 2022-23 due to higher resilience of the Indian economy to global shocks and better-than-expected second quarter numbers. It also expects the government to meet the fiscal deficit target of 6.4 per cent of the GDP in 2022-23. Inflation is expected to be 7.1 per cent in the current fiscal year.

India GDP growth halves in September quarter as COVID distortions pass

<ul><li>Gross domestic product growth for the full fiscal year, which ends on March 31, is likely to be 6.8-7%, the government's chief economic advisor V. Anantha Nageswaran said after the release.</li></ul>

Can India see further growth downgrades?

Reserve Bank of India (RBI) Governor Shaktikanta Das on September 30 said economic activity in India remains stable despite the challenging global environment.

<ul><li>Reserve Bank of India (RBI) Governor Shaktikanta Das on September 30 said economic activity in India remains stable despite the challenging global environment.</li></ul>

India's GDP growth to decline to 5.7% in 2022: UNCTAD

India’s GDP will further decelerate to 4.7 per cent growth in 2023, according to the forecast by the United Nations Conference on Trade and Development (UNCTAD) Trade and Development Report 2022.

RBI MPC: Sensex, Nifty jump as no surprise on rate front makes market happy

The RBI raised repo rates by 50 bps to 5.9%. With this, the repo rate has increased 190 bps in the last five months, from 4% In April to 5.90% currently. RBI Governor Shaktikanta Das said RBI will remain focused on the withdrawal of accommodation stance.

<ul><li>The RBI raised repo rates by 50 bps to 5.9%. With this, the repo rate has increased 190 bps in the last five months, from 4% In April to 5.90% currently. RBI Governor Shaktikanta Das said RBI will remain focused on the withdrawal of accommodation stance.</li></ul>

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India’s GDP projected to moderate to 5.8% in 2023, remains ‘strong’ amid challenging prospects: UN

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