Goldman Sachs lowers its forecasts for India’s economy to 7.6%
Megha Jain
Content Head
Image Credit: Facebook/@goldmansachs
Investment bank Goldman Sachs lowered its forecasts for India’s economy to 7.6% from 8%. Goldman Sachs downgraded its real GDP for the year to March 2019 in the wake of PNB fraud of more than $2 billion. PNB’s fraud scam has affected the shares of the bank. This warning by Goldman is like a shock to Government which hoped for $32 billion bank recapitalization programme for 2 years to restart lending and aid in job growth.
