India government forecasts slower economic growth - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 1/6/2023 11:19 AM
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India’s government expects economic growth to slow in the financial year ending March, as pandemic-related distortions ease and pent-up demand for goods slows going into 2023.

People shop for shoes at roadside shops at a market in Mumbai, India, August 30, 2016. Picture taken August 30, 2016.People shop for shoes at roadside shops at a market in Mumbai, India, August 30, 2016. Picture taken August 30, 2016.

The preliminary projection is much lower than the government’s earlier forecast of 8 % -8.5 %, but above the central bank’s projection of 6.8%. February’s will be the last full budget before Prime Minister Narendra Modi is expected to bid for rare third terming elections due in summer 2024.

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