ICRA expects Indian GDP to grow by 12-13% in Q1-FY23

ICRA expects Indian GDP to grow by 12-13% in Q1-FY23

• Rating agency ICRA (Investment and Credit Rating Agency of India Limited) predicted that the Indian economy will grow 12–13% in the first quarter (Q1) of the new fiscal year, i.e. FY23.
•  ICRA gave this rating citing the second-highest reading of the business activity index in 13 months in April. However, ICRA has kept its annual GDP prediction at 7.2% for this fiscal year, citing concerns over inflation and the ensuing tightening of RBI policy.

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Published date : 26 Aug 2022 05:56PM