Morgan Stanley cuts India’s FY24 GDP growth to 6.4%

Morgan Stanley has reduced its FY23 real GDP expansion estimate for India by 0.40% to 7.2% on slower global growth.

It has also estimated that the GDP growth for the FY24 will slow down to 6.4%, this is lower by 0.30% as compared to the earlier estimate. The RBI has estimated that the GDP of India will stand at 7.2% for FY 23. The World Bank has also suggested that the GDP growth forecast for India to 7.5% in FY23.