S&P Global cuts India’s FY23 GDP growth forecast to 7%
Economic output will expand 7% in this fiscal and 6% in the next, the ratings company said
S&P Global Ratings on Monday cut India’s economic growth forecast for the ongoing fiscal by 30 bps to 7% amid slowing global growth. The rating company, however, said India would be less impacted than other countries owing to resilient domestic demand.
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