Economy expected to grow by 7.1-7.6% in FY22: Report

Despite several continuing domestic and international issues, experts believe that India is still poised to be the fastest-growing economy in the world

July 14, 2022

It is also expected to grow at 66.7% by FY24

The Reserve Bank of India (RBI) has projected a GDP growth of 7.2% for this year until March 2023

The country's strong recovery will also improve the Rupee’s value: experts

Avenues for global businesses with resilient and cost-effective investment opportunities and export destinations, among other factors, is helping India’s economy progress swiftly

India’s economy is projected to grow 7.1 to 7.6% in FY22, despite geopolitical concerns across the world, according to a report titled “India’s Economic Outlook – July 2022” by Deloitte. 

It is also expected to grow at 66.7% by FY24.

Despite several continuing domestic and international issues, experts believe that India is still poised to be the fastest-growing economy in the world. They further added that the county’s strong recovery will also improve the Rupee’s value.

The Reserve Bank of India (RBI) has projected a GDP growth of 7.2% for this year until March 2023.

The availability of avenues for global businesses with resilient and cost-effective investment opportunities and export destinations, among other factors, is helping India’s economy progress swiftly.