India’s 2022 GDP growth prediction by Goldman Sachs: Following the quarterly gross domestic product figures for April through June falling short of market expectations, Goldman Sachs has revised lower its growth projections for India. A lower-than-expected growth during April to June increased the negative risk to current fiscal year growth predictions by 40 basis points.
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According to Upasana Chachra, economist for India at Morgan Stanley, the somewhat slower-than-expected increase in investments and the larger drag from net exports were factors in India’s GDP falling short of expectations.
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