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5 terrorists killed in encounter with security forces in Jammu and Kashmir

5 terrorists killed in encounter with security forces in Jammu and Kashmir

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

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Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

No provision of free travel for Prayagraj Maha Kumbh Mela: Railways

No provision of free travel for Prayagraj Maha Kumbh Mela: Railways

\'Mereko marwaoge\': Rohit Sharma's hilarious response to Pujara, Rahane 'retirement mistake' goes viral

\'Mereko marwaoge\': Rohit Sharma's hilarious response to Pujara, Rahane 'retirement mistake' goes viral

Trains movement hit in Punjab as farmers squat on tracks as part of Rail Roko protest

Trains movement hit in Punjab as farmers squat on tracks as part of Rail Roko protest

Karan Aujla delivers electrifying performance in Delhi-NCR

Karan Aujla delivers electrifying performance in Delhi-NCR

Russian oil spill contaminates 50km of Black Sea beaches

Russian oil spill contaminates 50km of Black Sea beaches

'India’s GDP growth will be more constrained next year’

'India’s GDP growth will be more constrained next year’

India’s latest Gross Domestic Product (GDP) numbers indicate 13.5% growth during the April to June 2022 quarter, but this was the first quarter in the last three fiscal years which was not functionally disrupted by the Covid-19 pandemic, so this growth happened compared to a weak base, cautions Dharmakirti Joshi, chief economist at rating agency CRISIL. Without Covid-19, India’s GDP would have been about 10% higher than where it is today and we can't bridge the permanent loss of about 10% of GDP until we grow extremely fast, at 12-13% per annum for the next 3-4 years, said Joshi. He cautioned that the lagging impact of monetary policy actions and interest rate hikes across the world are going to hit India in 2023, so GDP growth will be more constrained next year than this year.

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