Sectoral Equity Indices & Market Analysis
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Multilateral agencies expect weak global growth going forward, driven by tightening monetary conditions...
...While India would still be one of the fastest growing economies in the world
GDP Growth %
Global GDP Growth Projections by Multilateral Agencies
4.0%
3.6%
3.5%
3.2% 3.2%
3.0% 3.0%
3.0%
2.9%
2.9%
3.0%
2.8%
2.7%
2.7%
2.7%
2.4%
2.5%
2.3%
2.2%
1.7%
2.0%
1.5%
1.0%
0.5%
0.0%
OECD
6
Moody's
Fitch Ratings
IMF
■CY22 (Earlier) ■CY22 (Revised) ■CY23 (Earlier) ■CY23 (Revised)
Confidential/Restricted
Source: Media Reports
GDP Growth Projections (%)
India's GDP Growth Projection by Multilateral Agencies
9.0%
8.2%
8.0%
7.8%
8.0%
7.4%
7.5%
7.2%
6.8%
7.0%
7.0%
6.5%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
IMF
World Banks
RBI
■FY23 (E) April
FY23 (E) July
FY23 (E) Oct
Source: Media Reports
HDFC BANK
HDFC BANK RESEARCH
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