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Goldman Sachs raises India’s growth forecast this year by 30 bps

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Business Standard

Goldman Sachs in its latest release on Friday revised upwards the growth estimate for India by 30 basis points (bps) to 6.3 per cent for the calendar year (CY) 2023, given the boost in services export and a lower merchandise import.


However, it kept its forecast for CY24 unchanged at 6.3 per cent.

The global investment banker also revised its earlier forecast for FY23 and FY24 by 30 bps and 10 bps to 6.9 per cent and 6.4 per cent,…

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