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Goldman Sachs projects India’s GDP at 9.1% in FY22

Sumit Arora Published On November 24th, 2021 Leave a comment

Wall Street brokerage, Goldman Sachs in its recent Macro Outlook 2022 note revised upward its projection for the gross domestic product (GDP) to 9.1 per cent, from the earlier estimate of 8 per cent for the calendar year 2022. For 2021-22 (FY22), it pegged economic growth at 8.5 per cent.

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For one, Goldman Sachs expects a rise in core inflation as manufacturers pass on input cost increases to consumers. As a result, the global research and brokerage house has pegged the headline consumer price inflation in India at 5.8 per cent year-on-year in 2022, from 5.2 per cent in 2021.

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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.