Goldman Sachs expects India to grow at 1.6%

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Goldman Sachs expects India to grow at 1.6%

Apr 08, 2020 16:51 IST

Goldman Sachs has revised India's growth forecast to 1.6% downgrading it by over 400 basis points. The report also predicted that 25% of activity in India will be wiped out due to the lockdown. Goldman Sachs also predicted that the RBI will further reduce the interest rates by 50 basis points.

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