India’s 2022 GDP growth prediction reduced by Goldman Sachs from 7.6% to 7%

India’s 2022 GDP growth prediction reduced by Goldman Sachs from 7.6% to 7%: 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.

The current fiscal year predictions decreased by 20 basis points from 7.2% and downgraded the full-year 2022 GDP growth forecast from 7.6% to 7%.

September 2022 Current Affairs Quiz

In the reporting quarter, India’s real GDP growth increased 13.5% year over year, falling short of the 15.2% projection made by experts surveyed by Reuters. GDP growth momentum decreased to -3.3% quarter-on-quarter after increasing by 0.5% from January to March.