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Indian Economy: Resilience in economy, 7% GDP expected in 2022-23 – Indian economy on way to post 7 percent growth in fy23 rbi article – News18 Hindi

New Delhi. Domestically, the economy is showing resilience with signs of a reduction in inflation, and seven per cent growth can be achieved during the current financial year. This was stated in an article by the Reserve Bank of India (RBI). According to the article, despite the strength, the economy is still vulnerable to global challenges.

The article published in the latest RBI bulletin also said that downside risks to the global economic outlook remain, with global financial conditions tightening and crunch in market liquidity adding to volatility in financial prices.

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urban demand strengthened
It further said that the supply response in the Indian economy is strengthening. The article said, “The domestic macroeconomic outlook remains strong with headline inflation showing signs of moderation, but it is also vulnerable to global challenges.” According to the article, urban demand appears strong, while rural demand is weak, but has picked up recently.

The article has been prepared by a team led by RBI Deputy Governor Michael Devvrat Patra. RBI said that it is based on the opinion of the authors and does not represent the views of the central bank. According to the article, based on key figures such as GST collection, exports, the real GDP growth rate could range between 6.1 per cent and 6.3 per cent in the July-September quarter.

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India will achieve a growth rate of around 7% in 2022-23
It further said, “If this happens, India will achieve a growth rate of about seven percent in 2022-23. The supply response in the economy is strengthening in Q3. The gross domestic product (GDP) figures for the second quarter (July-September) of the financial year 2022-23 will be released by the end of November.

Tags: Economy, GDP, Indian economy

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