Business Insight | Goldman Sachs expects India’s real GDP to grow at 1.6%

Goldman Sachs says India’s FY21 GDP may plummet to a multi-decade low. Global research house and banking major expects India’s real GDP to grow at 1.6 percent in the financial year 2020-21 (FY21) from 3.3 percent earlier. Many analysts have been doing downward reviews of their forecasts amid coronavirus concerns with some estimating a contraction in the first quarter of the fiscal, but this is the lowest forecast for the year as a whole yet. Watch this edition of Business Insight to know more. Follow us: Website: https://www.moneycontrol.com/ Facebook:   / moneycontrol   Twitter:   / moneycontrolcom   Instagram:   / moneycontrolcom   #moneycontrol