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Macro - Country Economic Forecasts - India

Publisher Oxford Economics
Published Mar 14, 2022
Length 9 Pages
SKU # OFE17034032

Description

Macro - Country Economic Forecasts - India

We have lowered our 2022 GDP growth forecast to 7.3% from 7.7% last month and our 2023 forecast to 5.8% from 6.9%. These reductions reflect the substantial upward revisions to our oil and other commodity price forecasts following Russia's invasion of Ukraine. We estimate that sharply higher import prices could lower India's terms of trade by 11ppts this year, which will have serious ramifications for both producers and consumers.

Table of Contents

9 Pages
India: Deteriorating terms of trade to weigh on the economy
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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