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Question

According to the Goldman Sachs Group Inc. the Gross domestic product may expand by ___% in calendar year 2023 from an estimated 6.9%.

A 5.1 Correct Answer Incorrect Answer
B 5.3 Correct Answer Incorrect Answer
C 5.5 Correct Answer Incorrect Answer
D 5.9 Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Goldman Sachs Group Inc. lowered its forecast for India’s economic growth next year, due to a hit to consumer demand from higher borrowing costs and fading benefits from pandemic reopening. Gross domestic product may expand by 5.9% in calendar year 2023 from an estimated 6.9% this year.

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