Economy

Morgan Stanley slashes India’s FY23 growth forecast to 7.6%

Morgan Stanley slashes India’s FY23 growth forecast to 7.6%Morgan Stanley has slashed India’s growth forecast to 7.6% from 7.9% for FY2023 due to a slowdown in global growth, higher commodity prices and risk aversion in global capital markets.

  • As per the investment bank, its baseline forecast for India is 7.6% growth for FY23 and its bearish and bullish growth projections are 6.7% and 8%, respectively.
  • The Reserve Bank of India (RBI) revised downwards its India’s growth projection for FY23 to 7.2 per cent from 7.8 per cent.
  • World Bank also slashed the FY23 growth forecast for India to 8 per cent from 8.7 per cent

★★★★  You Can Also Read  ★★★★

Computer Awareness Quiz Questions Set (Banking)
Read Daily Current Affairs Topic Wise
Daily Current Affairs Quiz (Current GK Test)
Static Gk Quiz Questions and Answers

📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News first Like, Follow and bookmark our website @ PrepareExams.com.

For all the latest Updates, download PrepareExams App.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *