scorecardresearchGoldman Sees India’s Growth Slowing Next Year as Tailwinds Fade

Goldman Sees India’s Growth Slowing Next Year as Tailwinds Fade

Updated: 21 Nov 2022, 09:03 AM IST
TL;DR.
Goldman Sachs Group Inc. lowered its forecast for India’s economic growth next year, citing a hit to consumer demand from higher borrowing costs and fading benefits from pandemic reopening.
NEW YORK, NEW YORK - SEPTEMBER 13: The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City. Goldman Sachs announced today a plan to cut several hundred jobs this month, making it the first Wall Street firm to take steps to cut down on expenses amid a drop in volume of deals after pausing layoffs for two years during the coronavirus (COVID-19) pandemic.   Michael M. Santiago/Getty Images/AFP

NEW YORK, NEW YORK - SEPTEMBER 13: The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City. Goldman Sachs announced today a plan to cut several hundred jobs this month, making it the first Wall Street firm to take steps to cut down on expenses amid a drop in volume of deals after pausing layoffs for two years during the coronavirus (COVID-19) pandemic. Michael M. Santiago/Getty Images/AFP