India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran

Global slowdown positive for India on balance, says CEA

The global economic slowdown will be a positive for India, and its gross domestic product (GDP) is expected to grow at a rate between 7.2 per cent and 7.4 per cent this financial year, Chief Economic Adviser V Anantha Nageswaran told Business Standard in an interview.

The Reserve Bank of India (RBI) has forecast GDP growth of 7.2 per cent, and the International Monetary Fund (IMF) expects it to be 7.4 per cent.

“I think global growth was going to be impacted whether or not the central banks in the developed world tightened (their monetary policy), because the high inflation