India's central bank says 2022-23 GDP growth may surpass estimated 7 pct

0 Comment(s)Print E-mail Xinhua, May 24, 2023
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NEW DELHI, May 24 (Xinhua) -- India's central bank governor Shaktikanta Das said Wednesday the country's gross domestic product (GDP) growth in the financial year 2022-23 could be more than the estimated 7 percent.

Data will come at the end of this month, and all the economic indicators in the fourth quarter of the last financial year show that economic activity sustained momentum, Das said while speaking at the annual session of the Confederation of Indian Industry in New Delhi.

Last month, the Reserve Bank of India said the real GDP growth for 2023-24 is projected at 6.5 percent with Q1 at 7.8 percent, Q2 at 6.2 percent, Q3 at 6.1 percent and Q4 at 5.9 percent.

"We derive confidence at this point of time from the fact that agriculture has done well and we are assuming a normal monsoon, and the services sector continues to perform very well," Das said. Enditem

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