Indian Economy To Grow By 6.1-6.3% In July-September: RBI
NDTV
With headline inflation showing signs of easing, the economy on the macro font is "resilient" but sensitive to formidable global headwinds, RBI said.
The Reserve Bank of India (RBI) today said it expects economic expansion to be between 6.1 per cent and 6.3 per cent in the July-September quarter which, if realised, will take India on a 7 per cent growth path for 2022-23.
The data for the second quarter of this financial year (July-September) is expected by November end.
"Based on high-frequency indicators, our nowcasting and full information models peg real GDP growth in July-September between 6.1 per cent and 6.3 per cent. If this is realised, India is on course for a growth rate of about 7 per cent in 2022-23," the RBI said in its November bulletin.
The central bank said the cumulative procurement of rice during this kharif marketing season was more than last year's collection, but wheat procurement has declined sharply.
