India's central bank says 2022-23 GDP growth may surpass estimated 7 pct
Xinhua
25 May 2023, 11:44 GMT+10
NEW DELHI, May 25 (Xinhua) -- India's central bank governor Shaktikanta Das said Wednesday the country's gross domestic product (GDP) growth in the financial year 2022-23 could be more than the estimated 7 percent.
Data will come at the end of this month, and all the economic indicators in the fourth quarter of the last financial year show that economic activity sustained momentum, Das said while speaking at the annual session of the Confederation of Indian Industry in New Delhi.
Last month, the Reserve Bank of India said the real GDP growth for 2023-24 is projected at 6.5 percent with Q1 at 7.8 percent, Q2 at 6.2 percent, Q3 at 6.1 percent and Q4 at 5.9 percent.
"We derive confidence at this point of time from the fact that agriculture has done well and we are assuming a normal monsoon, and the services sector continues to perform very well," Das said.
Subscribe and Follow
Get a daily dose of Middle East Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Middle East Star.
More Information
32
℃
EU drawing up AI regulations fearing power of artificial intelligence
BRUSSELS, Belgium: EU tech chief Margrethe Vestager has said that a draft code of conduct on artificial intelligence (AI) could ...
Russian brands replace Western clothing after invasion of Ukraine
MOSCOW, Russia: After a turbulent 15 months of store closures and declining demand, Russian designers and brands are assisting the ...
In first visit in 3 years, Elon Musk visit's Tesla plants in China
BEIJING, China: On his return to China after a three year absence, which is his company's largest production hub, Tesla ...
Nvidia joins ranks of major US businesses valued at over $1 trillion
SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...
Washington coordinates 14-country supply chain agreement
WASHINGTON D.C.: The U.S. Commerce Department has said that trade ministers from 14 countries have taken part in the US-led ...
Assam: Tea producers call for collaborative action from all stakeholders to overcome industry challenges
Guwahati (Assam) [India], June 4 (ANI): The Tea Association of India representing tea producers in Assam and West Bengal called ...
Pence, former VP, to announce candidacy for president
WASHINGTON D.C.: Reuters has reported that on 7th June, former Vice President Mike Pence will enter the race for the ...
Panic, confusion in Seoul after failed North Korea rocket launch
PYONGYANG, North Korea: North Korea attempt failed to launch a satellite on May 31, which prompted raid sirens and a ...
UN notes few women in top China government positions
HONG KONG, China: Describing the lack of women in China's top leadership as concerning, the United Nations has recommended the ...
China: we will send men to moon by 2030
BEIJING, China: Amid its rivalry with the US for reaching new milestones in space, reflecting their competition for global influence, ...
US sees largest post-Covid holiday weekend with 10 million at airports
WASHINGTON D.C.: A Transportation Security Administration (TSA) report released this week revealed that over the Memorial Day weekend, the start ...
Chinese ship held in Malaysia after removing arms from sunk WWII ship
KUALA LUMPUR, Malaysia: Malaysia's maritime agency has said that it found a cannon shell believed to be from World War ...
