Business Desk, Amar Ujala, New Delhi
published by: Deepak Chaturvedi
Updated Fri, 10 December 2021 11:54 AM IS
Summary
Crdit Sussie Forecast of Indian Economy: Brokerage firm Credit Suisse has lowered the Indian economy’s forecast to 9 per cent for the financial year 2022-23. The company’s GDP growth rate for the current fiscal is estimated to be around 10.5 per cent, which is much higher than the 8.4-9.5 per cent average forecast by other rating agencies in the past.
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Scope
Rapid improvement in the country’s economy
Talking about the Indian economy, it is improving rapidly. Estimates of all rating agencies are testimony to this. Recently, Swiss brokerage firm Credit Suisse has also projected the Indian economy to grow at the rate of 9 percent in the next financial year.
economic activities will be positive
Credit Suisse has said that economic activity in India will be positive and economic growth is likely to be 9 percent in the next financial year. The brokerage company’s GDP growth for the current fiscal is estimated at around 10.5 per cent, which is much higher than the 8.4-9.5 per cent average forecast by other rating agencies in the past.
jobs situation will improve
According to Neelkanth Mishra, Co-Head of Equity Strategy Affairs for Asia Pacific, Credit Suisse, the GDP forecast is expected to increase as the pace of economic revival is on the right track. He said that there is a possibility of continuation of positive activities in the economy. In the next three to six months, the situation for most low-income jobs may also improve.
This is the condition of GDP at present
Recently, if we look at the country’s GDP figures for the financial year 2021-22, the country’s GDP has increased from -7.4 per cent to 8.4 per cent now in the July-September quarter. RBI has retained the real GDP growth forecast at 9.5 per cent.
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