INDIAN GDP GROW 7 PER
Growth in real GDP during FY23 estimated at 7% In 2022, the Reserve Bank of India (RBI) has lowered the country's GDP growth forecast to 6.8 per cent for the current fiscal from 7 per cent earlier, on account of continued geopolitical tensions and tightening of global financial conditions. The Central government released its first advance estimates of GDP to serve as essential inputs to the Budget exercise. According to the first advance estimates by the National statistical Office (NSO), India's economy is expected to grow 7.0 per cent in the current financial year. In 2022, the Reserve Bank of India (RBI) has lowered the country's GDP growth forecast to 6.8 per cent for the current fiscal from 7 per cent earlier, on account of continued geopolitical tensions and tightening of global financial conditionsAs per the first advance estimates, growth in Nominal GDP in the current financial year is estimated at 15.4 per cent as compared to 19.5 per cent in 2021-2022...