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Santanu Sengupta

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analysts cut india growth forecasts after disappointing gdp data

India's GDP growth has sharply decelerated to 5.4% for the July to September period, marking a seven-quarter low and falling short of both consensus estimates and the Reserve Bank of India's 7% projection. This "growth shock" has led economists from major firms like Goldman Sachs and Barclays to revise their full-year forecasts downward, with Goldman now projecting 6% growth through March 2025. Analysts attribute the slowdown to significantly lower manufacturing growth and anticipate continued weakness in urban consumption due to reduced incomes.
Moneycontrol
Indian Rupee Standard Chartered PLC GOLDMAN SACHS GROUP Barclays PLC Emkay Global Financial Services Ltd. IND Anubhuti Sahay Saurav Anand Santanu Sengupta Arjun Varma Madhavi Arora Show more
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11:46 30.11.2024
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