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An analysis of India’s GDP growth in the first quarter of 2023-24
Stay updated with the latest news and articles about GDP growth rate.
 
                  
An analysis of India’s GDP growth in the first quarter of 2023-24
 
                  
The Reserve Bank of India (RBI), India's central bank, predicted a 7 percent increase in GDP for FY23, although actual growth was closer to 7.2 percent.
 
                  
On Tuesday, the International Monetary Fund (IMF) lowered India's FY24 growth prediction by 20 basis points to 5.9 percent in its biannual Global Economic Outlook.
 
                  
The biannual flagship publication of the World Bank in India, 'India Development Update' said that despite some signals of deceleration, India's economy remains robust.
 
                  
Beijing set a target of 5.5 percent, which is already much lower than the performance of 2021, when the country's GDP expanded by more than eight percent.
 
                  
The Reserve Bank of India (RBI) has now projected India's gross domestic product (GDP) surge at 7.2% for the financial year 2022-23.
 
                  
The economy had succumbed by 7.3 per cent in the previous financial year.
 
                  
India’s GDP is likely to grow more than 9.5% this year according to the SBI research report.
 
                  
During a press conference, NBS spokesperson Fu Linghui cited domestic and overseas challenges as the reasons for the slowing down of China’s economy in the last quarter.
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