You are here: Home » Economy & Policy » News
New GST rates come in effect from today: Check the rate change list here
Business Standard
Web Exclusive

Morgan Stanley cuts India's FY23 GDP forecast to 7.2%

It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions

Topics
Morgan Stanley | GDP growth | Gross Domestic Product (GDP)

Puneet Wadhwa  |  New Delhi 



Morgan Stanley | Photo: Bloomberg
Morgan Stanley | Photo: Bloomberg

After Nomura slashed India's 2023 forecast to 4.7 per cent from its earlier projection of 5.4 per cent amid fears and rising interest rates, analysts at Morgan Stanley, too, have lowered their estimates. They now expect the Indian economy - as measured by GDP - to grow at 7.2 per cent in fiscal 2022-23 (FY23), 40 basis points (bps) lower than their earlier estimates. For FY24, the revised projection stands at 6.4 per cent - down 30 bps.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, July 18 2022. 12:49 IST

RECOMMENDED FOR YOU

.