Goldman Sachs lowers GDP growth forecast for India in FY22 to 11.1%

Sumit Arora Last updated on May 5th, 2021 11:01 am Leave a comment

Wall Street brokerage, Goldman Sachs has cut the GDP growth rate estimate for the Indian economy to 11.1 per cent in fiscal year FY22 (April 01, 2021, to March 31, 2022), due to increasing intensities of lockdowns by states to check the spread of coronavirus infections. Goldman Sachs has also revised the 2021 Calendar Year growth forecast to 9.7 per cent, from the previous estimate of 10.5 per cent.

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Sumit Arora

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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.