Goldman Sachs forecast 9.1% growth rate for India in 2022

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United States based Investment banker Goldman Sachs  expect Indian economy to grow by 9.1% in 2022.on the basis of increased consumption.

According to Andrew Tilton, chief Asia Pacific economist, Indian economic growth will be led by consumption themes . With a control in Covid virus situation in India coupled with strong vaccination drive has led to fully reopening of the economy. It will boost the demand in the economy.

Forecast for the Indian economy growth rate in 2021-22

Institutions Expected GDP growth rate

RBI 9.5%

World Bank  8.3%

International Monetary Fund (IMF)   9.5%

• In 2020-21 the Indian economy showed a negative growth rate of -7.3% in 2020-21 .