India Ratings and Research has increased India’s economic growth rate forecast for the current financial year 2023-24 from 5.9 percent to 6.2 percent. Have given

In the latest estimate released on Wednesday, the rating agency said that due to increased capital expenditure of the government, reduction of credit in the books of domestic companies and banks, softening of global commodity prices and increase in private investment, the economic growth rate estimate has been revised downwards. Has been extended. According to the agency, all the risks will continue to impact and constrain India’s gross domestic product (GDP) growth in the current financial year 2023-24. However, GDP growth, which stood at 7.8 percent in the April-June quarter, is likely to slow down in the next three quarters. India Ratings & Research is India’s most respected credit rating agency.

It is noteworthy that the Reserve Bank of India estimates that the real GDP growth rate in the current financial year 2023-24 will be 6.5 percent. In its previous financial year 2022-23, India’s economic growth rate was 7.2 percent