India’s gross domestic product (GDP) growth is expected to reach 5.5 percent in the next fiscal year 2023-24. It is estimated to remain at 6.9 percent in the current fiscal year 2022-23. Switzerland’s brokerage company UBS India said this in a report.
UBS India’s economists report said that the reason for this decline is the slowdown in global growth and tighter monetary policies. According to the report, India will be one of the least affected economies in the world.
In the report, it is said that the householder wants the effect of monetary tightening. Our estimate is that India’s real GDP growth will slow to 6.9 percent in 2022-23 and slow to 5.5 percent in 2023-24. It is estimated to be 6 percent in 2024-25.
In order to control inflation, the Reserve Bank has increased interest rates by 1.90 percent from May to May. आशा विद्धी विश्वार हो सकती है.