Morgan Stanley projects India’s FY23 GDP estimate at 7.2% and FY24 GDP at 6.4%
- Brokerage firm Morgan Stanley has lowered India’s GDP growth estimate for the FY23 to 7.2%. This is a cut of 0.4 percent compared to earlier forecast.
- Meanwhile, the GDP growth forecast in the FY24 is projected at 6.4 percent, which is 0.3% lower than the earlier forecast.
Summary:
- GDP in FY23 – 7.2%
- GDP in FY24 – 6.4%
Source: Economic Times