India's gross domestic product (GDP) growth is seen declining to 5.6 percent in 2023-24, although it will still be one of the best performing large economies in the G-20, said Christian de Guzman - senior vice president at Moody's Investors Service and primary analyst for India.
"This real growth forecast is still amongst the healthiest in the entire G-20. And we think potential growth can be sustained around 6 percent," de Guzman told Moneycontrol in an interview.
A GDP growth rate of 5.6 percent would be well below the government's first advance estimate of 7 percent for this year and the Reserve Bank of India's (RBI) forecast of 6.5 percent for next year.
According to the International Monetary Fund's latest forecast, the G-20 club of countries is seen growing 2.5 percent in 2023.