{"id":20003,"date":"2022-05-20T16:22:47","date_gmt":"2022-05-20T10:52:47","guid":{"rendered":"https:\/\/www.trishuldefenceacademy.in\/blog\/?p=20003"},"modified":"2022-05-20T18:13:52","modified_gmt":"2022-05-20T12:43:52","slug":"sp-cuts-indias-economic-growth-forecast-to-7-3-for-2022-23","status":"publish","type":"post","link":"https:\/\/www.trishuldefenceacademy.in\/blog\/sp-cuts-indias-economic-growth-forecast-to-7-3-for-2022-23","title":{"rendered":"S&#038;P Cuts India\u2019s Economic Growth Forecast To 7.3% For 2022-23"},"content":{"rendered":"<h2>S&amp;P Cuts India\u2019s Economic Growth Forecast To 7.3% For 2022-23<\/h2>\n<p>S&amp;P Global Ratings cut India\u2019s growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict.<\/p>\n<p>S&amp;P had in December last year pegged India\u2019s GDP growth in 2022-23 fiscal, which began on April 1, 2022, at 7.8 per cent. For the next fiscal the growth has been pegged at 6.5 per cent.<\/p>\n<p><strong>In the aftermath of the Russia-Ukraine war and rising commodity prices, various global agencies have cut India\u2019s growth forecast recently.<\/strong><\/p>\n<p>The World Bank in April slashed India\u2019s GDP forecast for fiscal 2022-23 to 8 per cent from 8.7 per cent predicted earlier, while IMF has cut the projections to 8.2 per cent from 9 per cent.<\/p>\n<p>Asian Development Bank (ADB) has projected India\u2019s growth at 7.5 per cent, while the RBI, last month, cut its forecast to 7.2 per cent from 7.8 per cent amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<div>\n<p><b><i>Connect with\u00a0<a href=\"https:\/\/www.trishuldefenceacademy.com\/\">Trishul Defence Academy<\/a>\u00a0for the\u00a0<a href=\"https:\/\/www.trishuldefenceacademy.in\/blog\/category\/current-affairs\/\">latest Current Affairs updates<\/a>, and notifications.<\/i><\/b><\/p>\n<p><b>For any query\/inquiry, you can connect us via the following ways: \u2013<\/b><\/p>\n<h4><span class=\"style-scope yt-formatted-string\" dir=\"auto\"><strong>Important Links \u2013<\/strong><\/span><\/h4>\n<p><span class=\"style-scope yt-formatted-string\" dir=\"auto\"><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/svg\/1f310.svg\" alt=\"\ud83c\udf10\" \/>\u00a0<strong>Official Website<\/strong>\u00a0\u2013\u00a0<\/span><a class=\"yt-simple-endpoint style-scope yt-formatted-string\" dir=\"auto\" spellcheck=\"false\" href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbW5OV0xmQ2RFSWNPdTJLRlhQZVhFYkpuT2xvd3xBQ3Jtc0treTFadkxEal8taFV2ZXVjVU8tU1A2MDVadEdkcUN5R3JEZGtySnY1VmdKRXpYaGJ3SHJrX0RNYkFHUVJXMHBaV05aWU5Od3NQZ3JHdG5JVHg5NVkwbWZKMHFFX29IMk9wMVpEVElNcGRHZGNEa3kxOA&amp;q=https%3A%2F%2Fwww.trishuldefenceacademy.in\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.trishuldefenceacademy.in<\/a><\/p>\n<p><span class=\"style-scope yt-formatted-string\" dir=\"auto\"><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/svg\/1f310.svg\" alt=\"\ud83c\udf10\" \/>\u00a0<strong>Website<\/strong>\u00a0\u2013\u00a0<a href=\"https:\/\/www.trishuldefenceacademy.com\/\">https:\/\/www.trishuldefenceacademy.com\/<\/a><\/span><\/p>\n<p><span class=\"style-scope yt-formatted-string\" dir=\"auto\"><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.1.0\/svg\/1f310.svg\" alt=\"\ud83c\udf10\" \/>\u00a0<strong>Blog Section<\/strong>\u00a0\u2013\u00a0<\/span><a class=\"yt-simple-endpoint style-scope yt-formatted-string\" dir=\"auto\" spellcheck=\"false\" href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqa0FpVE5YVlpkTmFOZGhwV2RpMGVheFRTTHZxQXxBQ3Jtc0ttclB3TG5mdkhiekFxTjc4bG5jNGF6TFN3NklYUTE4aERlVzlIQkgwSEFMcDVfRHZXY29QLVdwNjV5TzNsNWhrY1dlVzd1TzUycmc4V0t3RXZrVlJFeDQxSVdya0ZoNF9fNVVJU05KenYyNUwtWk42VQ&amp;q=https%3A%2F%2Fwww.trishuldefenceacademy.in%2Fblog%2F\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.trishuldefenceacademy.in\/blog\/<\/a><\/p>\n<p><b>Address:<\/b>\u00a0Ground Floor, Gayatri Dham, Millan Tower, Civil Lines, Prayagraj, Uttar Pradesh 211001<\/p>\n<p><b>Phone: 084000 83030<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Cuts India\u2019s Economic Growth Forecast To 7.3% For 2022-23 S&amp;P Global Ratings cut India\u2019s growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. S&amp;P had in December last year pegged India\u2019s GDP growth in 2022-23 fiscal, which began on April 1, 2022, at 7.8 per cent. For the next fiscal the growth has been pegged at 6.5 per cent. In the aftermath of the Russia-Ukraine war and rising commodity prices, various global agencies have cut India\u2019s growth forecast recently. The World Bank in April slashed<\/p>\n","protected":false},"author":1,"featured_media":20006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[4612],"class_list":["post-20003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defence-news","tag-sp-cuts-indias-economic-growth-forecast-to-7-3-for-2022-23"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P Cuts India\u2019s Economic Growth Forecast To 7.3% For 2022-23<\/title>\n<meta name=\"description\" content=\"S&amp;P had in December last year pegged India&#039;s GDP growth in 2022-23 fiscal, which began on April 1, 2022, at 7.8 per cent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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