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    Question

    Goldman Sachs Group Inc. slashed India’s growth

    outlook to ______ for fiscal year to March 2023.
    A 7 percent Correct Answer Incorrect Answer
    B 6.5 percent Correct Answer Incorrect Answer
    C 6 percent Correct Answer Incorrect Answer
    D 7.1 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Citigroup Inc sharply cut its growth projection to 6 . 7 percent for the fiscal year to March 2023, from 8 percent earlier, while Goldman Sachs Group Inc . revised it to 7 percent from 7 . 2 percent earlier, after the released data showed that India ’ s gross domestic product grew less than expected in the last quarter . Moody ’ s Investors Service too had sharply cut India ’ s GDP ( Gross Domestic Product ) growth forecast for 2022 to 7 . 7 percent The credit rating agency also trimmed the country ’ s GDP forecast for the next year 2023 to 5 . 2 percent from 5 . 4 percent .

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