India’s Economy on Track to Grow at Around 7% in 2022-23: RBI
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India’s economy is on track to expand by about 7% this fiscal year as supply responses gain strength, demand improves amid easing inflation and the banking system returns to health, the country’s central bank said.
The world’s fifth-largest economy is estimated to have grown between 6.1% and 6.3% in the July-September quarter. “If this is realized, India is on course for a growth rate of about 7% in 2022-23,” the Reserve Bank of India said in its State of the Economy report, which was part of the November Bulletin released Friday. The GDP numbers are expected Nov. 30.