Q2 growth

India’s Q2 GDP growth seen at 6.7% on strong services play

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India’s Q2 GDP growth seen at 6.7% on strong services play

New Delhi: The Indian economy likely expected 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth … Read more

Rising domestic and external headwinds to more than halve H2 growth to 4-4.5 per cent: India Ratings

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Rising domestic and external headwinds to more than halve H2 growth to 4-4.5 per cent: India Ratings

Rising domestic and external headwinds will more than halve the GDP growth to 4-4.5 per cent in the second half of FY2023, shaving off the better numbers in the first half, India Ratings said in its report on Tuesday. The agency, however, did not offer a full-year forecast. The Indian economy grew 9.7 per cent … Read more