{"id":111553,"date":"2022-07-15T11:16:58","date_gmt":"2022-07-15T05:46:58","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=111553"},"modified":"2022-09-08T13:10:33","modified_gmt":"2022-09-08T07:40:33","slug":"nomura-cuts-2023-gdp-forecast-for-indian-to-4-7","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/nomura-cuts-2023-gdp-forecast-for-indian-to-4-7\/","title":{"rendered":"Nomura cuts 2023 GDP forecast for Indian to 4.7%"},"content":{"rendered":"\n<p>Nomura has cut its&nbsp;2023 forecast for economic growth in India to 4.7%&nbsp;from its earlier projection of 5.4% amid recession fears and rising interest rates.<\/p>\n\n\n\n<p>Reason: Higher inflation, monetary policy tightening, dormant private capex growth, the power crunch and the global growth slowdown.<\/p>\n\n\n\n<p>Retail inflation rate of India &#8211; the CPI has been recorded 7.01% as compare to 7.04% in May, the sixth consecutive month that the CPI inflation has remained above RBI set limit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nomura has cut its&nbsp;2023 forecast for economic growth in India to 4.7%&nbsp;from its earlier projection of 5.4% amid recession fears and rising interest rates. Reason: Higher inflation, monetary policy tightening, dormant private capex growth, the power crunch and the global growth slowdown. Retail inflation rate of India &#8211; the CPI has been recorded 7.01% as [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":111554,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4611],"tags":[82,3098],"class_list":["post-111553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-july-2022","tag-economy-current-affairs","tag-gdp"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/111553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=111553"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/111553\/revisions"}],"predecessor-version":[{"id":111555,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/111553\/revisions\/111555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/111554"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=111553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=111553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=111553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}