India’s GDP growth forecast by different financial organisations

India’s GDP growth projection is one of the most important topics for various competitive examinations. GDP growth forecast percentage questions are often asked in Current Affairs or General Awareness Section. Here we are providing the list of the major financial organization who has forecasted India’s GDP (Gross Domestic Product) for the Financial Year 2022 and FY 2023.

India’s GDP growth forecast by various financial organizations

NSO GDP forecast for India

FY22 (2021-22) ➥ 8.9%
NSO stands for National Statistical Office

Fitch GDP forecast for India

FY22 (2021-22) ➥ 8.4%
FY23 (2022-23) ➥ 7.8%
FY24 (2023-24) ➥ 7%

RBI GDP forecast for India

FY22 (2021-22) ➥ 9.5%
FY23 (2022-23) ➥ 7.2% (6.3%, 2023-24)

Also, See Schemes and initiatives by various Bank 2022

Moody GDP forecast for India

For calendar year 2022 ➥ 8.8%
For calendar year 2023 ➥ 5.4%

ADB GDP forecast for India

FY23 (2022-23) ➥7.5%
FY24 (2023-24) ➥ 8%
ADB stands for: Asian Development Bank

World Bank GDP forecast for India

FY22 (2021-22) ➥ 8.3%
FY23 (2022-23) ➥ 7.5%
FY24 (2023-24) ➥ 6.8%

IMF GDP forecast for India

FY22 (2021-22) ➥ 9%
FY23 (2022-23) ➥ 8.2%
FY24 (2023-24) ➥ 6.9%

IMF stands for International Monetary Fund

FICCI GDP forecast for India

FY22 (2021-22) ➥ 9.1%
FY23 (2022-23) ➥ 7.4%

OECD GDP forecast for India

FY22 (2021-22) ➥ 9.4%
FY23 (2022-23) ➥ 6.9%
FY24 (2023-24) ➥ 5.5%

OECD stands for Organisation for Economic Co-operation and Development

Goldman Sachs GDP forecast for India

FY22 (2021-22) ➥ 9.1%

CRISIL GDP forecast for India

FY22 (2021-22) ➥ 9.5%
FY23 (2022-23) ➥ 7.3%

UN GDP forecast for India

FY22 (2021-22) ➥ 4.6%
FY23 (2022-23) ➥ 6.4%
FY24 (2023-24) ➥ 6%

UN stands for: United Nation

CII GDP forecast for India

FY22 (2021-22) ➥ 9.5%

CII stands for: Confederation of Indian Industry

India Ratings & Research (Ind-Ra) GDP forecast for India

FY22 (2021-22) ➥ 8.6%
FY23 (2022-23) ➥ 7-7.2%

Economy Survey GDP forecast for India

FY22 (2021-22) ➥ 11%
FY23 (2022-23) ➥ 8-8.5%

Standard & Poor’s (S&P) GDP forecast for India

FY22 (2021-22) ➥ 9.5%
FY23 (2022-23) ➥ 7.3%
FY24 (2023-24) ➥ 6.5%

ICRA GDP forecast for India

FY22 (2021-22) ➥ 8.5%
FY23 (2022-23) ➥ 7.2%

SBI GDP forecast for India

FY22 (2021-22) ➥ 8.2-8.5%

Morgan Stanley GDP forecast for India

FY22 (2021-22) ➥ 10.5%
FY23 (2022-23) ➥ 7.6%
FY24 (2023-24) ➥ 6.7%

CARE Ratings GDP forecast for India

FY22 (2021-22) ➥ 8.8 to 9%

Normura GDP forecast for India

FY22 (2021-22) ➥ 10.8%

Oxford Economics forecast for India

FY22 (2021-22) ➥ 10.2%

HSBC Bank GDP forecast for India

FY22 (2021-22) ➥ 11.2%

Frequently Asked Questions (FAQ)

Q1. What is Fiscal Year or Financial Year (FY)?

Ans. A financial year can begin and end at any time of the year, unless it consists of a full 12 months, for example, if it begins on 1 January then it must end on 31 December. In India, this 1-year period starts from 1st April and ends on 31st March.

Q2. What is Calendar Year (CY)?

Ans. A calendar year is a one-year period that begins on 1 January and ends on 31 December, based on the commonly used Gregorian calendar.

Q3. What does GDP stands for?

Ans. GDP stands for Gross Domestic Product.

Q4. What is GDP?

Ans. Gross Domestic Product (GDP) is the total monetary or market value of all finished goods and services produced within a country’s borders over a particular period of time.

Q5. How is GDP calculated?

Ans. GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).

Q6. Who is responsible for calculating the GDP of India?

Ans. The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for calculating the GDP of India.


For PDF, Print this page and save as a PDF
Click the “Print This Page Button”




Leave a comment

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock