Categories: Economy

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

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

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.

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