INSUBCONTINENT EXCLUSIVE:
Sengupta of Goldman Sachs, a growth slowdown will be good for India, expecting GDP expansion to ease to 6% next fiscal year from about 7.1%
Asian nation may lose its world-beating growth distinction as demand may be impacted by borrowing costs that have returned to pre-pandemic
levels after 190 basis points of key rate increases since May to tame inflation
GDP probably rose 6.2% in the three months to September from a year ago, slowing from 13.51% in April-June, according to a Bloomberg survey
Bhattacharya, chief economist of Axis Bank Ltd
survey forecast India to expand at 7% this fiscal year ending March, before slowing to 6.1% the year after
Inflation is also forecast to ease to 5.1% in the financial year to March 2024 from 6.7% in the current fiscal year.
The International
The Indian economy is in a better shape than most other large economies, but its momentum will be affected by the global slowdown, said
Niranjan Rajadhyaksha, chief executive officer of Artha India, an economic research firm
