India Ratings lowers India’s FY23 GDP growth forecast to 7-7.2%

India Ratings lowers India’s FY23 GDP growth forecast to 7-7.2%

India Ratings on Wednesday lowered India’s economic growth forecast for 2022-23 to 7.0-7.2%.

Earlier in January the ratings agency Ind-Ra had forecast this rate at 7.6 percent due to the impact of high crude oil and commodity prices on domestic consumption amid the Russia-Ukraine conflict.

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