Goldman Sachs lowers India growth forecast

Tribune News Service

Updated At : 12:20 PM May 05, 2021 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

New Delhi, May 4

Goldman Sachs has lowered its estimate for India’s economic growth to 11.1% in fiscal year to March 31, 2022, as a number of cities and states announced lockdowns to check spread of Covid infections.

“While activity is likely to rebound from Q3 (July-September) onwards — assuming restrictions can ease somewhat over that time frame — the net result is to lower our FY22 GDP growth forecast to 11.1% (from 11.7% previously), and our 2021 calendar year growth forecast to 9.7% (from 10.5%),” it said. — PTI

New Projection

The Wall Street brokerage has lowered its estimate for India’s economic growth to 11.1% in the current fiscal from 11.7% predicted earlier

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles