REAL GDP GROWTH OF INDIA EXPECTED TO BE 8.7% IN FY22: MOTILAL OSWAL FINANCIAL SERVICES

According to EcoScope report from Motilal Oswal Finan-cial Services, projected real GDP growth of 8.7% in FY22, down from 11.1% expected earlier. However, Motilal Oswal Financial Services has revised up the FY23 forecasts from 4% earlier to 5.4% now. It is interesting to note that nominal GDP growth forecast has actually been raised moderately for FY22 and FY23. This is primarily because the GDP deflator has been revised up to 6.5%/4.5% for FY22/FY23.