India's GDP likely to grow 7% in FY23: NSO's first advance estimates

The RBI and the World Bank have projected 6.8 per cent and 6.9 per cent GDP growth respectively for FY23

The Indian economy may grow at 7 per cent in FY23, which is higher than projections made by the Reserve Bank of India (RBI) and the World Bank, according to the latest estimates by the National Statistical Office (NSO), which implicitly assumes a lower impact of intensifying global headwinds.

The economy grew 9.7 per cent in the first half (April-September) of FY23, the data for which was released on November 30.

The first Advance Estimates of GDP by NSO have incorporated the factory output data of an additional month (October) as well as some lead indicators until November and December, assuming 4.5