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.
Diese Geschichte stammt aus der December 01, 2024-Ausgabe von Financial Express Kochi.
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Diese Geschichte stammt aus der December 01, 2024-Ausgabe von Financial Express Kochi.
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