Published 2 years ago

Crisil cuts FY23 GDP growth estimate to 7.3%

Summary by Ground News

Domestic rating agency Crisil on Friday lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier. It attributed the downward revision to higher oil prices, slowing of export demand and high inflation. This is in line with the RBI's estimate of 7.2 real GDP Growth for this fiscal year.

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Times of India

Crisil lowers GDP growth estimate to 7.3% for FY23

Crisil said there are a slew of negatives like high commodity prices, elevated freight prices, drag on exports as global growth projections get lowered, and the largest demand side driver of private consumption remaining weak.

2 years ago·India

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News18 India

Crisil Cuts GDP Growth Estimate to 7.3% For FY23

Rating agency crisil attributed the downward revision to higher oil prices, slowing of export demand and high inflation

2 years ago·India

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Business Standard

CRISIL cuts FY23 GDP growth estimate to 7.3% from 7.8% on high inflation

Domestic rating agency CRISIL lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.

2 years ago·India

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Crisil Cuts India's Real GDP Growth Forecast To 7.3% For 2022-23

Crisil Ltd. has lowered India's real GDP growth forecast to 7.3% for 2022-23 as against 7.8% estimated earlier, due to pricier crude, slowing exports and higher inflation.The revised forecast is in line with the Reserve Bank of India's estimate.According to the ratings agency, several negatives--high commodity prices, elevated freight prices, slower exports and private consumption--are weighing on economic growth. “The only bright spots are the …

2 years ago

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Financial Express

Crisil cuts FY23 GDP growth estimate to 7.3%

2 years ago

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Business Today

CRISIL cuts India's FY23 GDP growth forecast to 7.3 per cent

In a report, the rating agency said that inflation reduces purchasing power and would weigh on the revival of consumption -- the largest component of GDP which has been backsliding for a while.

2 years ago·India

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