The #gdp #growth #estimates for FY 23 are in.
#India is set to cede the fastest growing major #economy tag to #saudiarabia, with the #indianeconomy growing at 7%, and the latter at 7.6%.
The advance estimates also point to a "challenging" #year ahead, with #global #macroeconomic headwinds taking their toll on #economic #output.
More so if the #ukrainewar drags on, and if #china continues to #decelerate.
Indeed, as I write here https://rammohansusarla.in/2022/06/22/no-matter-the-spin-dark-clouds-are-looming-over-the-indian-economy-in-what-can-be-a-monsoon-of-storms/, there are "dark clouds" on the horizon.
#gdp #growth #estimates #india #economy #saudiarabia #indianeconomy #year #global #macroeconomic #economic #output #UkraineWar #China #decelerate