Goldman Sachs cuts India GDP growth forecast to 1.6%


  • India Premium
  • Thursday, 09 Apr 2020

Goldman Sachs Tower in Jersey City, New Jersey. (Photo: iStock)

INDIA, April 9 (The Statesman/ANN) -- American brokerage firm Goldman Sachs on Wednesday lowered India’s GDP forecast to 1.6 per cent for FY2020-21, making it the lowest multi-decade expectation.

The global research had previously predicted a growth of 3.3 per cent for the fiscal year. The latest forecast of 1.6 per cent GDP growth will be deeper than the commonly perceived recessions India has experienced in the 1970s, 1980s and 2009.

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