India, Feb. 21 -- Credit rating agency Acuite Ratings and Research has reiterated India's gross domestic product (GDP) growth estimate for FY23 at 7 per cent. It also anticipates the economic growth trajectory in FY24 to slip to 6 per cent, which would still make India one of the highest growth economies in the world. It said the Indian economy has managed to withstand the headwinds rather well over the last several months amidst a tough global environment.
Acuite Ratings said 'Domestic growth impulses have gained strength, as urban consumption continues to push demand for both goods and services with derivative support accruing from the government capex cycle which has got a further boost from the Union Budget 2023'. It said private inves...