Categories: Economy

Goldman Sachs Downgrade India’s GDP Growth Forecast to 10.5% for FY22

Wall Street brokerage, Goldman Sachs revised downward the GDP growth forecast of India for the fiscal year 2021-22 (FY22) to 10.5 per cent from the earlier estimate of 10.9 per cent. The downward revision is due to the increasing number of pandemic cases and a host of key states announcing stricter lockdowns, thus affecting economic activities.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.