Year-end Roundup and Outlook 2023
Suvishesh Valsan • 29/12/2022
2023 is right around the corner and so far, India has witnessed steady growth and is expected to remain the fastest-growing economy with real GDP growth projected at ~7.0% as of the current financial year ending in March 2023. India’s services exports and domestic consumption story continue to remain strong, along with private consumption demand, government CAPEX-driven investment demand, and growing service sector demand, especially in IT-BPM, professional services, BFSI, transport, and real estate.
For 2023, a growth rate of 6.1% has been forecasted by the RBI by taking into consideration the recessionary scenario in the West. Despite these headwinds, India continues to remain the fastest-growing major economy. A key impediment for growth was the high inflation rate that is appearing to taper down in the coming months.
In the Outlook 2023 – Year End Round Up we look at the office, residential, retail, industrial and warehousing, data centers, and investments sectors, with a focus on the year that was and the year to look forward to.
Read the report here.
For 2023, a growth rate of 6.1% has been forecasted by the RBI by taking into consideration the recessionary scenario in the West. Despite these headwinds, India continues to remain the fastest-growing major economy. A key impediment for growth was the high inflation rate that is appearing to taper down in the coming months.
In the Outlook 2023 – Year End Round Up we look at the office, residential, retail, industrial and warehousing, data centers, and investments sectors, with a focus on the year that was and the year to look forward to.
Read the report here.
RELATED INSIGHTS
Research
Year-end Roundup and Outlook 2023
In the Outlook 2023 – Year End Round Up we look at the office, residential, retail, industrial and warehousing, data centers, and investments sectors, with a focus on the year that was and the year to look forward to.
Suvishesh Valsan • 29/12/2022
Insights
Sustainability – Purpose-Led Growth in Delhi NCR’s Built Environment
India is committed to reducing its carbon intensity by 45% by 2030 compared to 2005 levels, and a pledge to bring down projected CO2 emissions by a billion tonnes by 2030 requires active contribution from the Indian real estate sector too.
Insights
The Rise of Data Centres in India: A State-Wise Comparison
Upcoming regions are improving the ability of firms in India to offer state-of-the-art software infrastructure, platform-as-a-service, file sharing, data storage services, big data analytics, data governance, and cyber security.