The country’s gross domestic product (GDP) is expected to grow 7.4 per cent in the current financial year 2022-23,

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according to the FICCI Economic Outlook Survey released on Sunday.

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The survey estimates a minimum and maximum growth of 6.0 percent and 7.8 percent, respectively.

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with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery

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It also forecasts the median growth for agriculture and allied activities about at 3.3 percent for 2022-23.

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The industry and services sectors are estimated to grow by 5.9 percent and 8.5 percent, respectively.

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The industry and services sectors are estimated to grow by 5.9 percent and 8.5 percent, respectively.

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while a repo rate hike of 50-75 bps is expected by the end of the current fiscal.

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The RBI is expected to continue supporting the ongoing economic recovery

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By keeping the repo rate unchanged in its April policy review, the survey said.

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