Goldman Sachs Group Inc. raised the Indian economic growth forecast by 30 basis points for 2023, citing a boost in net exports.
India’s GDP growth forecast was increased to 6.3% year-on-year for the calendar year 2023 from the 6% it predicted earlier.
The brokerage expects GDP growth of 4.9% for the first quarter of 2023, compared to a Bloomberg estimate of 5.1%.
“On a year-on-year basis, our Q2-Q4 CY23 GDP growth forecast is 6.5%, 5.9%, and 8.1%, respectively, versus 9.4%, 5.4%, and 5.7% (forecasted) previously,” it said.
Source: bqprime.com
Goldman Sachs Group Inc. raised the Indian economic growth forecast by 30 basis points for 2023, citing a boost in net exports.
India’s GDP growth forecast was increased to 6.3% year-on-year for the calendar year 2023 from the 6% it predicted earlier.
The brokerage expects GDP growth of 4.9% for the first quarter of 2023, compared to a Bloomberg estimate of 5.1%.
“On a year-on-year basis, our Q2-Q4 CY23 GDP growth forecast is 6.5%, 5.9%, and 8.1%, respectively, versus 9.4%, 5.4%, and 5.7% (forecasted) previously,” it said.
Source: bqprime.com
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