Icra eyeing India's GDP growth at 4.9% in January-March period of 2022-23 driven by services sector
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Just few days ahead of official release of the provisional estimate for the India's Gross Domestic Product (GDP) growth for the fourth quarter as well for the fiscal 2022-23, domestic rating agency Icra is eyeing GDP growth in January-March period of 2022-23 at 4.9 per cent, a modest step-up from the 4.4 per cent recorded in preceding quarters, driven by the services sector. The National Statistical Organisation (NSO) is scheduled to release the provisional estimate for the GDP data on May 31.
Icra estimates the services gross value added (GVA) year-on-year growth to have risen mildly to about 6.4 per cent in Q4 FY23 from 6.2 per cent in Q3 FY23. The YoY performance of nine of the
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