
Macro - Country Economic Forecasts - India
Description
Macro - Country Economic Forecasts - India
We have lowered our 2022 India GDP growth forecast to 6.9% from 7.3% and the 2023 forecast to 5.5% from 5.8%. The downgrades reflect the impact from higher inflationary pressures, less accommodative monetary conditions, and the significant deterioration in China's economic outlook. In addition to worsening global stagflationary stresses, China's lockdowns will likely have a direct negative impact on India's manufacturing given that several industries rely mainly on China for intermediate inputs.
We have lowered our 2022 India GDP growth forecast to 6.9% from 7.3% and the 2023 forecast to 5.5% from 5.8%. The downgrades reflect the impact from higher inflationary pressures, less accommodative monetary conditions, and the significant deterioration in China's economic outlook. In addition to worsening global stagflationary stresses, China's lockdowns will likely have a direct negative impact on India's manufacturing given that several industries rely mainly on China for intermediate inputs.
Table of Contents
9 Pages
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.