• About Us
  • Feedback
  • RSS Feed
  • Privacy Policy
  • Disclaimer
  • Sitemap
Odisha News, Odisha Breaking News, Odisha Latest News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News
Home Business

India’s FY22 GDP Growth Expected At 9.5%, FY23 At 7.5%: Acuite Ratings

OMMCOM NEWSbyOMMCOM NEWS
February 17, 2022
in Business

New Delhi:  India’s FY22 GDP growth is expected at 9.5 per cent with downside risks, said Acuite Ratings & Research on Thursday.

The ratings agency cited that adverse impact of elevated commodity prices and the potential financial market volatility on account of monetary policy normalisation as some of the downside risks.

“Expectedly, Omicron has led to a fresh dent in domestic economic activities which was also reflected in our proprietary AMEP (Acuite Macroeconomic Performance) monthly index which eased to 112.2 in Jan-22 from 115.0 in Dec-21,” Chief Analytical Officer, Suman Chowdhury, said.

“From growth perspective, the index contracted sequentially by 2.5 per cent MoM in Jan-22 from an expansion of 3.3 per cent in Dec’ 21.”

However, the agency said that magnitude of the adverse impact has been much lower as compared to the previous pandemic waves given less severity of infections amidst robust vaccination coverage.

“Given the limited impact of the third Covid wave, we continue to expect FY22 GDP growth at 9.5 per cent albeit with some downside risks from adverse impact of elevated commodity prices and the potential financial market volatility on account of monetary policy normalisation by key global central banks,” Chowdhury said.

“For FY23, we expect GDP growth at 7.5 per cent amidst government’s strong thrust on infrastructure segment underscored in the Union Budget FY23, healthy progress on vaccination, moderate recovery in rural consumption and the full play out of pent-up demand.”

(IANS)

Tags: GDP
Previous Post

Biden Believes Russia Will Invade Ukraine In The Next Several Days

Next Post

Climate Change: US Climate Envoy Calls Out Countries Not Adopting Science

Related Posts

Business

100 Airports To Be Developed By 2024 Under UDAN Scheme

February 6, 2023
.
Business

Top 10 Semiconductor Buyers Lower Chip Spending By 7.6% In 2022

February 6, 2023
Business

BYJU’s To Miss March 2023 Deadline For Group Level Profitability, Results Delayed Again

February 6, 2023
Business

Exposure To Top 10 Borrowers From Scheduled Commercial Banks Is Rs 12,71,604 Cr

February 6, 2023
Business

Vistara Adds Airbus A321LR To Its Fleet, Focuses On International Expansion

February 6, 2023
Business

Twitter To Charge $1,000 Per Month From Businesses For Their Gold Badges

February 6, 2023
OMC

Related Posts

Business

100 Airports To Be Developed By 2024 Under UDAN Scheme

February 6, 2023
.
Business

Top 10 Semiconductor Buyers Lower Chip Spending By 7.6% In 2022

February 6, 2023
Business

BYJU’s To Miss March 2023 Deadline For Group Level Profitability, Results Delayed Again

February 6, 2023
Business

Exposure To Top 10 Borrowers From Scheduled Commercial Banks Is Rs 12,71,604 Cr

February 6, 2023
Business

Vistara Adds Airbus A321LR To Its Fleet, Focuses On International Expansion

February 6, 2023
Business

Twitter To Charge $1,000 Per Month From Businesses For Their Gold Badges

February 6, 2023
Next Post

Climate Change: US Climate Envoy Calls Out Countries Not Adopting Science

Cache Of Explosives Recovered In J&K's Baramulla

Bengaluru Civic Body Polls: SC Agrees To Consider Plea For Urgent Hearing

  • About Us
  • Feedback
  • RSS Feed
  • Privacy Policy
  • Disclaimer
  • Sitemap

© 2022 - Ommcom News. All Rights Reserved.

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2022 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist