India Q2 GDP Report: Gross Domestic Product (GDP) growth rate data for the second quarter (July-September) of the current financial year will be released this evening. GDP data) will also provide information about the performance of agriculture and manufacturing sectors. Rating agency Icra (ICRA) estimates that the GDP growth rate in the second quarter will be 6.5 percent. At the same time, State Bank of India (SBI) has estimated the growth rate to be 5.8 percent in its report.
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In the July-September quarter of the last financial year, the GDP growth rate was 8.4 percent. Earlier this month, in the bulletin of the Reserve Bank of India (RBI), the growth rate in the second quarter has been estimated to be 6.1 to 6.3 percent.
Let us tell you that different agencies have issued forecasts regarding the GDP growth rate of the second quarter, but the GDP growth estimates being expressed by these agencies are 13.5 percent recorded in the April-June quarter of this financial year. are half or less than half of the percent.
Bloomberg report According to several economists including Goldman Sachs Group Inc and Barclays Plc, India’s annual economic growth is projected to slow down to around 6% for a few years. However, he believes that it is not bad in terms of the Indian economy. GDP growth has been above the RBI’s target of 2-6% since the beginning of 2022. The central bank is trying to increase it to 4% by 2024.
The effect of recession on the global economy can be seen on the Indian economy. At present, apart from recession and inflation, the global economy is facing many challenges like Russia-Ukraine war, new cases of Corona again in China and increase in sanctions, tightening of interest rates by Federal Reserve and supply chain.
(This news has not been edited by NewsBust India team. It is published directly from syndicate feed.)
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