financetom
Economy
financetom
/
Economy
/
India’s FY23 growth forecast cut to 7%: FICCI survey
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India’s FY23 growth forecast cut to 7%: FICCI survey
Jul 21, 2022 8:51 AM

The latest economic outlook survey conducted by the industry body Federation of Indian Chambers of Commerce & Industry (FICCI) has downgraded India’s GDP growth forecast to 7 percent for the current fiscal.

FICCI, in its previous survey held in April, had estimated a 7.4 percent growth. The survey, based on responses from economists, representing industry, banks and the financial services sector also highlights that geopolitical tensions in Ukraine, increasing uncertainties and the global financial markets will prolong the India’s economy’s recovery post the COVID pandemic.

The survey also highlights that inflation in India will moderate in the medium term.

To discuss this, CNBC-TV18 spoke to Subhrakant Panda, Senior VP, FICCI, and MD, Indian Metals & Ferro Alloys; and Sachchidanand Shukla, FICCI Economists Forum and Chief Economist, Mahindra Group.

Watch video for more

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India celebrates Navy Day; leaders salute the 'Guardians of the Sea'
India celebrates Navy Day; leaders salute the 'Guardians of the Sea'
Dec 4, 2018
The Indian Navy, the marine branch of The Indian Armed Forces, celebrated Navy Day on December 4 to commemorate the maritime operations during the 1971 Indo-Pak war, securing the maritime borders of the country as well as strengthening relationships with other countries through humanitarian missions, calamity relief and joint exercises. In a spectacular celebration at the Gateway of India in Mumbai, the naval officers displayed their skills in combat and Beating Retreat ceremony, which attracted over hundreds of visitors to witness the valor of our "Guardians of the Sea." President Ramnath Kovind, the Commander-in-Chief of the Indian Armed Forces wished the officers and said, "Nation is proud of your commitment to protecting our maritime frontiers, securing our trade routes, and providing assistance in times of humanitarian emergencies." Many leaders including Prime Minister Narendra Modi, Piyush Goyal took to Twitter to wish and congratulate the brave officers protecting our seas. Image Source: PTI/IANS/Associated Press (AP)
Images of 2018: The world in constant motion
Images of 2018: The world in constant motion
Dec 4, 2018
A human tide of would-be Americans, rolling toward the border. American rockets streaking across the darkness over Damascus. Students fleeing a gunman at a Florida high school, their hands raised in the air. Associated Press photographers were there to record a world in constant motion in 2018. Some of it was huge, and destructive — lava pouring from a Filipino volcano, the wildfires that raced across California. Some of it was human scaled, but no less epic — disgraced comedian Bill Cosby being led in handcuffs from a Pennsylvania correctional facility; a malnourished boy in a hospital in war torn Yemen. But the AP was also there when the world stopped, at least for a moment. US President Donald Trump's historical meet with North Korea’s Kim Jong Un. Dressed entirely in red, the Queen of Soul rests in her coffin. And women drove on the street of Riyadh, Saudi Arabia for the first time.
Simplified GST return forms to be rolled out from April 1, says revenue secretary
Simplified GST return forms to be rolled out from April 1, says revenue secretary
Dec 4, 2018
In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST.
No contradiction between strategic autonomy and strategic partnership: Mattis
No contradiction between strategic autonomy and strategic partnership: Mattis
Dec 3, 2018
Sitharaman, the first woman defence minister of India, is currently on a five-day maiden trip to the US.
Copyright 2023-2025 - www.financetom.com All Rights Reserved