India Ratings  estimate shows that even if GDP grows at 7.6% every year after FY23, then also India would be able to catch up with pre-pandemic trend growth only by FY35.

Credit rating agency India Ratings has slashed India’s fiscal 2023 (FY23) gross domestic product (GDP) forecast to 6.9 per cent from 7 per cent.

The agency predicts GDP growth of 7.2 per cent in the July-September FY23 quarter, 4 per cent in October-December, and 4.1 per cent in February-March.