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

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

Asian Games 2026 Day 1: India’s Results and Medal Tracker

India's campaign at the Asian Games 2026 kick-off in Aichi-Nagoya in Japan, on the first…

4 hours ago

Weekly Current Affairs One Liners (14th September to 20th September, 2026)

Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…

5 hours ago

Which Indian State Has the Most GI-Tagged Textiles?

Tamil Nadu has the highest number of registered GI-tagged textile and handloom items compared to…

1 day ago

Alfred Tyrone Cooke, 1965 War Hero and Vir Chakra Awardee, Dies

Flight Lieutenant Alfred Tyrone Cooke, a highly decorated veteran of Indian Air Force and a…

1 day ago

Tulu Gets Second Additional Administrative Language Status in Karnataka

The Karnataka state government has made the Tulu as the second additional administrative language of…

1 day ago

Tamil Nadu Gold Ring Scheme 2026: Date, Eligibility and Key Details

Tamil Nadu Chief Minister C Joseph Vijay will inaugurate the state's scheme of providing gold…

1 day ago