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India's GDP growth could fall to 1.6% this fiscal, says Goldman Sachs
short by Krishna Veera Vanamali / on 08 Apr 2020,Wednesday
Goldman Sachs has forecast that India's Gross Domestic Product (GDP) growth could fall to 1.6% in 2020-21 compared to its previous estimate of 3.3%. The COVID-19 pandemic has brought "an unprecedented sudden stop" to activity in India, Goldman said in a report. Consumption, which contributes 60% to the GDP, will be hit badly because of the lockdown, it added.
short by Krishna Veera Vanamali / 07:40 pm on 08 Apr
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