Most economists see GDP growing at slower pace in Q1 than MPC projection

At the MPC's estimate of 16.2%, the economy would have grown 6.1% over the corresponding quarter of 2019-20

Most economists believe that India’s economy grew at a slower pace than the monetary policy committee's (MPC’s) projection of 16.2 per cent in the first quarter of financial year 2022-23 (Q1FY23). Their projections range between 14.5 per cent and 16 per cent.

All major official data, including the index of industrial production (IIP), for computing the gross domestic product (GDP) for the quarter have been released.

At the outset, it may appear that a double-digit GDP growth in Q1FY23 over the 20.1 per cent growth seen in Q1FY22 is quite high. However, that quarter was affected by the severe second