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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Regional

SG cops warn of new phishing scam involving email about purported traffic offence Premium
Ex-Alibaba employee says ex-boss should be charged with rape Premium
Tech war: China doubles down on domestic operating systems to cut reliance on Windows, MacOS from the US Premium
China fines another live-streaming influencer over tax evasion as Beijing keeps heat on once-booming industry Premium
Apple hikes iPhone and�iPad prices in Japan after yen tanks Premium
Singapore urged to halt execution of another M’sian Premium
Issues relating to middlemen discussed at inflation task force meeting, says Annuar Premium
Amendment for heavier penalties on environment crime to be tabled in Oct Premium
Qhazanah Sabah inks MoU with Berjaya Land for study on KK airport move to Kimanis Premium
Kiandee: Govt striving to reduce impact of rising cost of living Premium

Others Also Read