Market Quote : The RBI has become more realistic, lowering FY23 GDP growth forecast from 7% to 6.8% Says Mr. Vinod Nair, Geojit Financial Services.
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Below Quote on Market 07 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"As the economy deals with the global headwinds, the RBI has become more realistic, lowering FY23 GDP growth forecast from 7% to 6.8%. The focus remains on fighting inflation which will lead to increase in interest rates in future. Along with a global slowdown corporate earnings forecast for H2FY23 & FY24 can downgrade. The market is currently trading at premium valuations, a slowing earnings growth will impact market sentiment."
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