Has ICRA downsized India’s GDP growth for the fourth quarter?
Answer
Answer
India’s GDP for Q4FY22 grew by 3.5% as per ICRA estimates. The Q4FY22 GDP and full year FY22 GDP numbers will be announced by MOSPI on 31st May. Lower growth will be driven by higher commodity prices and lower wheat yields. Also, Omicron and the war meant that contact intensive recovery was slower than expected.