Goldman Sachs Group Inc. slashed India’s growth

Solution

Citigroup Inc sharply cut its growth projection to 6 . 7 percent for the fiscal year to March 2023, from 8 percent earlier, while Goldman Sachs Group Inc . revised it to 7 percent from 7 . 2 percent earlier, after the released data showed that India ’ s gross domestic product grew less than expected in the last quarter . Moody ’ s Investors Service too had sharply cut India ’ s GDP ( Gross Domestic Product ) growth forecast for 2022 to 7 . 7 percent The credit rating agency also trimmed the country ’ s GDP forecast for the next year 2023 to 5 . 2 percent from 5 . 4 percent .