India’s GDP expected to grow 7.8% in FY23: Crisil Report

  • Domestic rating agency CRISIL (formerly Credit Rating Information Services of India Limited) has estimated FY23 real GDP (Gross Domestic Product) growth at 8% as compared to 9.2% in FY22, and 8.5% projected in Economic Survey 2021-22.
  • The agency expects the nominal GDP growth at 12-13% in FY23, higher than the 11.1% Budget Estimate 2022-2023. It also projected headline inflation for FY23 to average 2%.

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