Categories: Economy

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

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Find More News on Economy Here

Adda247 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.

Recent Posts

Which River is known as the Black River? Know the Name

Did you know that some rivers in India are famous not just for their size,…

4 hours ago

Which State is the Largest Producer of Cloves in India?

Did you know one tiny spice in your kitchen travels a very long journey before…

7 hours ago

PNB Announces ‘PNB Soldierathon 2026’ Ahead of 132nd Foundation Day Celebrations

Punjab National Bank (PNB), one of India’s leading public sector banks, has announced the launch…

8 hours ago

Bharat Bodhan AI Conclave 2026 Kicks Off at Bharat Mandapam

The Bharat Bodhan AI Conclave 2026 commenced at Bharat Mandapam, marking a major step toward…

8 hours ago

Indian Navy Assumes Command of Combined Task Force 154

The Indian Navy has assumed command of Combined Task Force 154 (CTF-154) under the Combined…

8 hours ago

India vs Pakistan Head to Head in ICC T20 World Cup

The clash between India and Pakistan is not just a cricket match — it is…

8 hours ago