India's Economy Seen Losing Speed As Rising Rates Hurt Demand

Tuesday, 28 February 2023Newsdesk

Economists are projecting growth of 6.9% for the fiscal year from April 2022 to March 2023 - a tad below the government's prior 7% estimate and slightly higher than the International Monetary Fund's 6.8% projection.

New Delhi 28 February 2023

As per news report of NDTV, India's economic expansion likely slowed in the October-December period, as rising borrowing costs crimp consumption that's a key growth driver. Gross domestic product probably rose 4.7% last quarter from a year ago, according to a median estimate of economists in a Bloomberg survey ahead of data due Tuesday at 5:30 p.m. local time. That will be the slowest quarterly performance since the 4.09% expansion in the three months ended March last year.

Source - NDTV