UBS cuts India FY23 GDP growth forecast to 7%, flags risk of RBI failing - Moneycontrol

4/22/2022 12:00:00 AM3 yearsago
by Moneycontrol News

"Elevated global commodity prices are not only expected to drag growth but also lead to tightening of financial conditions, which in turn may constrain expansion of economic activity."

UBS has downgraded its GDP growth forecast for India for the current financial year from 7.7 to 7.0 percent, adding that the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) risks failin… [+2751 chars]

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UBS cuts India FY23 GDP growth forecast to 7%, flags risk of RBI failing - Moneycontrol

&quot;Elevated global commodity prices are not only expected to drag growth but also lead to tightening of financial conditions, which in turn may constrain expansion of economic activity.&quot;

"Elevated global commodity prices are not only expected to drag growth but also lead to tightening of financial conditions, which in turn may constrain expansion of economic activity."