India's Q2 growth forecast at 7.3% on rural economy
pre-market1 source ↓written by the desknot a recommendation
- in Q2 FY2023
- 7.3%
- poll ranged
- 6.9% to 7.7%
- growth
- 7%
- be released
- 28 Nov 2023
India's economic growth is projected to accelerate to 7.3% in Q2 FY2023, driven by a resilient rural economy and increased government spending. Estimates from a recent poll ranged from 6.9% to 7.7%. The Reserve Bank of India has forecasted 7% growth for the quarter, indicating a sustained recovery in sectors like agriculture and construction.
• Higher government capex supports growth
• Firm consumption in rural and urban areas
• Official GDP figures to be released on 28 Nov 2023
Not investment advice. For informational purposes only.