Macro - Country Economic Forecasts - India

Macro - Country Economic Forecasts - India

We've lowered our real GDP growth forecasts for India by 0.1ppt to 6.6% in 2023 and 6.1% in 2024. Economic activity likely remained robust in Q3 but failed to repeat the strong 7.8% y/y growth (2.6% in m/m seasonally adjusted terms) registered in Q2. We maintain our view that activity will soften towards the end of this year and into 2024.