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.

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

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.

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

Bangladesh Names Asad Siam as New Envoy to India

Bangladesh Foreign Secretary Asad Alam Siam will serve as Bangladesh’s new envoy to India, taking…

6 minutes ago

US, Denmark and Greenland Sign New Arctic Defense Agreement

An agreement between the United States, Denmark and Greenland has been made for the amendment…

31 minutes ago

NIRF 2026 SDG Ranking: Top Institutes for Sustainable Development

The NIRF 2026 rankings are expected from the Ministry of Education with the Sustainable Development…

1 hour ago

India Emerges as Strongest Global Growth Outlook: WEF Survey

India is seen as having the best growth story in the world in the latest…

1 hour ago

Cyclone Arnab: IMD Predicts Deep Depression Near Andhra-Odisha

A weather system that has developed over the Bay of Bengal has intensified into a…

2 hours ago

S&P Raises India FY27 GDP Growth Forecast to 7%

S&P Global Ratings has increased its India FY27 GDP growth forecast to 7% from 6.6%…

2 hours ago