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RBI staff see downside risk to GDP growth forecast of 6.3% for Q2

RBI staff sees a 20 basis points drop in growth at 6.1% when the data is released on November 30

November 18, 2022 / 06:10 PM IST
Representational Image

Representational Image

Reserve Bank of India (RBI) staff see downside risk to the central bank's GDP forecast for the July-September period, with one of their models estimating a 20 basis points drop in growth at 6.1 percent.

The GDP data for the second quarter of the financial year 2022-23 will be released on November 30.

"Our economic activity index that employs a dynamic factor model with 27 high-frequency indicators nowcasts GDP growth for Q2: 2022-23 (July-September) at 6.1 percent," the monthly State of the Economy article, released on November 18, said.

RBI bulletin GDP nowcast Q2 FY23