Nomura has forecast India’s GDP to grow at 7.2% in 2022, before moderating to 5.4% in 2023. In a research note on Thursday, the research firm said the ‘prolonged mild recession’ in the US can lead to a slowdown in India, which has been recovering to a pre-pandemic level. The rate hike by the Federal […]
The country’s current account deficit (CAD) likely moderated to 1.96% of GDP ($17.3 billion) in 4QFY22, as against a deficit of 2.74% of GDP in Q3FY22, India Ratings said in a report on Thursday. The CAD is estimated to have been at 1.38% ($43.81 billion) in FY22 compared to the current account surplus of 0.9% […]
By Indranil Sen Gupta The recovery can be expected to remain shallow with the CLSA Activity Index still weak. After all, it is constrained by weak demand and a slowing US economy thanks to Fed tightening to reduce inflation. The only support for growth comes from soft real lending rates. Despite rising growth risks, the […]
The government may set a more ambitious target to reduce the country’s elevated logistics costs, long blamed for eroding its export competitiveness, as it inches closer to finalising a national logistics policy. It will likely set a target to reduce logistics costs by as much as five percentage points over the next four-five years to […]
Rating agency Icra on Tuesday projected real GDP growth of 12-13% in the first quarter of FY23, citing an improvement in its business activity monitor reading and favourable base effect. However, for the full year (FY23), the agency has forecast 7.2% growth, thanks to the ripple effect of the Ukraine war, elevated inflationary pressure and […]