Q2FY23 GDP Data: How Is Indian Economy Likely
To Perform?

Source: Reuters

Indian economy is likely to return to a normal 6.2% annual growth rate in Q2FY23 after double-digit expansion in the previous quarter

India's GDP likely to
slow down

India's gross domestic product (GDP) for second quarter in the year-ago period grew by 8.4%

How was Q2FY22 GDP

Indian economy is likely to clock a GDP growth of just 5.8% in Q2FY23, as per State Bank of India (SBI) report

Q2FY23 GDP growth
of 5.8% - SBI

"Some amount of production and inventory build-up happened but that was confined to consumer durables mostly," said Sunil Kumar Sinha, principal economist, India Ratings

Higher growth in
September quarter - 
India Ratings

Barclays said that resilient domestic backdrop and pent-up demand continued to prop up India's growth, especially in the tertiary sector, even as external headwinds rose through the quarter

Q2FY23 GDP growth
of 5.8% - Barclays

Economists at Bank of Baroda and rating agencies such as Crisil and Icra had projected a 6.5% growth in the July to September quarter

Q2FY23 GDP projections - BoB, Crisil, Icra

"Normalisation of the year-on-year real GDP growth rate from July-Sept '22 onward will it easier to gauge the true underlying economic momentum," said Kaushik Das, India and South Asia chief economist at Deutsche Bank

What Deutsche Bank
says on Q2 GDP

Despite the global headwinds, India’s economic growth is likely to be in the range of 6.1 to 6.3% in the second quarter of the current fiscal, said Reserve Bank of India (RBI)

RBI Q2 GDP growth
rate forecast

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