Goldman Sachs Slashes India’s GDP Forecast for 2023 to 5.9%
22nd Nov 2022
myonlineprep
Category:
Goldman Sachs Slashes India’s GDP Forecast for 2023 to 5.9%
- Goldman Sachs Group Inc. sees India’s economic growth slowing next year, citing a hit to consumer demand from higher borrowing costs and fading benefits from pandemic reopening, while lowering its growth forecast. Gross domestic product (GDP) may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year.
- Moody’s also lowered growth forecast for 2023 to 4.8% from 5.2% estimated earlier. Following the deceleration, the agency expects India’s economic growth to recover to 6.4% in 2024.
- The ratings agency, however, said that India’s underlying growth dynamics are fundamentally strong, boosted by a rebound in services activity.
Take Free Quiz Now! (1 Question)
Like this article?
Subscribe to Myonlineprep - English to receive daily updates of the latest articles delivered straight to your inbox.
Trending
India Celebrates National Milk Day on 26th November
26th Nov 2022
Chief Minister Yogi Adityanath inaugurates north India’s first data centre at Greater Noida
2nd Nov 2022
‘Safe harbour’ clause in IT law
10th Mar 2023
Government approved Electronics Manufacturing Cluster at Ranjangaon
3rd Nov 2022
India The First Country in The World to Receive $100 billion in Remittances
7th Dec 2022
Monthly Archive
Current Affairs by Category
Important Links
- JAIIB Courses 2025
- CAIIB Courses 2025
- JAIIB Free Mock Tests
- CAIIB Free Mock Tests
- NISM Free Mock Tests
- BPSC Free Mock Tests
- AFM Most Frequent Asked Questions
- Download JAIIB Previous Years Questions
- JAIIB 60 days Self Study Plan
- How to Crack JAIIB in Single Attempt
- Downlaod CAIIB Previous Year Questions
Comments (0)