Question
According to Goldman Sachs, India’s economic growth
rate in 2023 is at 5.9 % from an estimated ____ % in 2022?Solution
According to Goldman Sachs, India’s economic growth rate may fall to below 6% in 2023 but inflationary pressures could ease marginally. The agency has pegged India’s GDP growth rate in 2023 at 5.9% from an estimated 6.9% in 2022.For the fiscal year 2022-23, the investment bank has not cut the GDP growth estimate for India, the country’s economic expansion in the year has been estimated at 7.1%, marginally higher than 7% forecast earlier. Consumer price index-based inflation, on the other hand, will moderate from an average of 7% in 2022-23 to 5.6% in 2023-24.
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