Goldman Sachs cuts India’s GDP growth forecast to 11.1% in FY22
Goldman Sachs has downgraded India’s GDP growth rate to 11.1 percent in the fiscal year FY22 due to COVID-19’s 2nd wave and lockdowns in India.
- Along with it, Goldman Sachs also estimated the 2021 Calendar Year growth forecast to 9.7 percent. prior to this, Goldman predicted 10.5 percent.
Goldman Sachs –
CEO: David M. Solomon
Headquarters: New York, United States
Founders: Marcus Goldman, Samuel Sachs