India`s GDP rose 6.3% for Q2 FY23 as against 13.5% in the previous quarter - Tata Mutual Fund
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Marco:GDP
* India’s GDP rose 6.3% for Q2 FY23 as against 13.5% in the previous quarter.
* The growth rate looks a bit tapered due to the high base effect
* Affected by a slow-moving global economy, Weak industrial growth in the manufacturing sector also contributed to GDP decline in real terms
Marco:INFLATION
* While softening commodity prices and falling crude prices bode well for anchoring inflation, uncertain food prices outlook, and elevated imported inflation pose upside risks to inflation.
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