India’s economic growth slows to 9.5% in September 2023: ICRA

India’s year-on-year (year-on-year) economic growth weakened to 9.5 percent in September 2023, according to the ICRA Business Activity Monitor, an index of high-frequency indicators. This is down from the six-month high of 10.6 percent in August 2023. The index points to a sequential decline in September, partly due to the resumption of monsoon rains after a lull in August.

At the quarterly level, the index growth registered a year-on-year increase, increasing to 9.5 percent in the second quarter (Q2) of fiscal year 2024 (FY24) from 7.2 percent in the first quarter of FY24. This increase is due to the favorable impact an irregular monsoon and robust domestic demand. Still, ICRA forecasts GDP growth to slow to 7 percent in the second quarter of FY24, compared to 7.8 percent in the first quarter of FY24.

Projected GDP growth for the second quarter of fiscal 2024 exceeds the Monetary Policy Committee (MPC) estimate, which was 6.5 percent for the quarter. This suggests a more optimistic outlook than financial policymakers initially expected.

According to the ICRA Business Activity Monitor, India’s economic growth fell to 9.5 percent in September 2023, compared to a six-month high of 10.6 percent in August 2023. Despite a pick-up in quarterly growth due to erratic monsoon and robust domestic demand, ICRA forecasts a GDP slowing to 7 percent in the second quarter of fiscal 2024.

Early trends for economic activity in October 2023 are reportedly mixed. This is partly due to the late start of the holiday season in 2023 compared to 2022, which could have a different impact on spending and business activity compared to previous years.

Fibre2Fashion News Desk (DP)


sudden porn ipornmovs.mobi tamil school sex videos
indian aunty x vedio stripmpegs.net neha nair nude
enema nhentai hentaifile.com nier atomata hentai
saxe store hindi bullporn.mobi sex mms site
www indianxvedios pornorolik.org gaysporn
jubaida flyporn.me auntsex
goo hentai hentaitgp.org pet transformation hentai
sex vedeos faphub.mobi shruti hassan porn video
xxxx videos indian indianpornfree.com telugu movies in torrentz2
xxx sex films indianauntyporn.net anu aggarwal nude
نيك اكس موفز gekso.mobi arab nar.com
oneesan hentai real-hentai.org haruhi hentai
www tamil six movie com gangstaporno.com xvi porn videos
hero hentai manga hosthentai.com hentai mom comics
قصص سكس اغتصاب محارم yourtubetop.com قصص نيك حموات