Economists see limited impact of oil prices on India's GDP growth in Q4

Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22

Ahead of January-March FY22 GDP print next week, projections by economists range widely, from 2.7 per cent to 5.5 per cent GDP growth. Most, however, agree that the economy was on a steady footing, with the impact of the omicron wave rather contained, and that the effect of Russia’s invasion of Ukraine was very limited as retail fuel prices were raised only after the recent round of state elections.

They also admit that predicting FY22 number is difficult because there are likely to be revisions to GDP numbers of FY21 and first three quarters of FY22.

India’s GDP could grow