Economy resilient, on track to grow at about 7% in FY23: RBI report

Headline inflation showing signs of easing, it says

India’s gross domestic product (GDP) is expected to grow between 6.1 per cent and 6.3 per cent in the June-September quarter (Q2FY23) based on high-frequency indicators and economic prediction models, according to a Reserve Bank of India (RBI) report released on Friday.

“If this is realised, India is on course for a growth rate of about 7 per cent in 2022-23,” said the State of the Economy report authored by RBI staffers including Deputy Governor M D Patra. The RBI has said views expressed in the article are those of the authors and do not represent its views.

The Q2 GDP numbers