Introduction

GDP data for India in the Oct-Dec 2022 quarter has given out mixed signals. Of concern are a contraction in manufacturing despite a let up in input costs as well as the slowing growth in the high-contact services sectors. Still, the government seems confident of 7% growth in FY23 despite a revised growth rate data put out for FY22 at 9.1%. What does the near future hold for India? 

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