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GDP growth to accelerate further to 9.8% in FY23: Goldman Sachs

Shortpedia

Content Team
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Indian GDP will grow at 8.5 per cent in 2021-22, and the rate will accelerate further to 9.8 per cent in 2022-23, a foreign brokerage said on Tuesday. The GDP had contracted by 7.3% in the pandemic-hit FY21, and is widely expected to grow at a faster pace due to the base effect in 2021-22. The Reserve Bank of India (RBI) expects a 9.5% growth in 2021-22, and the same to slow down to 7.8% as things normalise.