ICRA cuts India’s GDP growth forecast in FY23 to 7.2%

September 17, 2022

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ICRA cuts India’s GDP growth forecast in FY23 to 7.2%

Ratings agency ICRA has lowered India’s FY23 GDP growth forecast to 7.2 per cent from an earlier projection of 8 per cent.

The ICRA Ltd. has projected the GDP growth forecast for 2021-22 (FY22) at 8.5%, which is modestly lower than the National Statistical Office’s (NSO’s) second advance estimate of 8.9 per cent.

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