Analysts pare India forecast after Friday's growth shocker
Financial Express Lucknow|December 01, 2024
India's economic growth slumped to a seven-quarter low of 5.4% in July-September, prompting analysts to sharply lower their full-year growth forecasts.
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ECONOMISTS LOWERED THEIR India growth forecast after data released Friday showed a sharp deceleration of the country's economic expansion. The economy slumped to a seven-quarter low of 5.4% in the July-Sept period, much lower than consensus estimates and below the RBI's 7% projection. The softer expansion has prompted economists from Goldman Sachs Group to Barclays to lower their full-year growth estimates.

Goldman's economists Santanu Sengupta and Arjun Varma have revised their projection to 6% for the year through March 2025, down from 6.4%. Other analysts also lowered their forecasts aggressively for the year.

هذه القصة مأخوذة من طبعة December 01, 2024 من Financial Express Lucknow.

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هذه القصة مأخوذة من طبعة December 01, 2024 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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