India's growth estimates, which were to the north of 8 per cent or even 9 per cent at the beginning of the year, have come down to between 6.8 per cent and 7 per cent, because global growth has slowed down and monetary tightening is still underway in the developed world, the CEA said.
According to the provisional estimates released by National Statistical Office (NSO) on Wednesday, the GDP for the preceding April-June quarter (Q1) of 2022-23 saw a 13.5 per cent growth.