India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

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10 January 2023

India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22.

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10 January 2023

India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

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