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

Sumit Arora Published On May 5th, 2021 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, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.