during 2nd half of fy23 therefore despite remaining resilient till now the indian economy faces a sharp slowdown in the 2nd half of fy23 we expect growth to moderate sharply to 71 in fy23 from 87 in fy222 said dr arun singh global chief economist dun bradstreetin the latest yearly update of the world economic outlook imf downgraded growth projections for the us china and india downgrades for china and the united states as well as for india are driving the downward revisions to global growth during 202223 which reflect the materialization of downside risks highlighted in the april 2022 world economic outlook it saidthe imf has knocked off 08 off indias gdp projections for the current year and has projected indias gross domestic product to expand by 74 in 202223 compared to 82 it had estimated in april it cited less favourable external conditions and more rapid policy tightening for the downgrade the external shocks cited include tighter financial conditions amid higherthanexpected global inflation a worsethan anticipated slowdown in china and negative spillovers from the war in ukrainebut impact on indian equity markets will be limitedthe market was widely expecting the us fed hike and hence the 75 basis point rate hike was priced in point to note rising inflation and the rate hikes amid geopolitical concerns have already dented market sentiment across the globe and in india bse sensex and nifty50 are already down around 6 per cent eachwe believe that the indian markets have already priced in the hike and the impact is going to be minimal however the market expects the rates to stabilize around the 3 levels by the yearend and any negative surprise could be perilous for the global as well as indian economy said arth nyati founder tradingous well behind the curve india is notthe us and indian economies are very differently positioned the federal reserve was well behind the curve and is trying to catch up and subdue inflation which threatens to become systemic in india the rbi has stayed ahead and as a result we dont see policy rates in india increasing as much as in the us as such the impact on the indian equity markets will be limited to the spillover from the us markets with domestic conditions remaining neutral at the moment the indian economy is poised for a long period of growth and acting on such transitory impulses may deprive investors of the long term benefits that are expected to accrue said rajiv shastri director and ceo at nj amcprofitability of corporates will be hitwith the objective of bringing down cpi inflation to about 2 the us federal reserve has been tightening rates and reducing liquidity the hike of 75 bps was as per market expectations and hence was greeted by a short covering rally in the us markets in india equity markets which have been gradually seeing lower levels over the last few months are witnessing a strong pull back rally today however the increase