Forecasts for Economic Growth Are Plagued by Revisions. Cuts Are Being Made on India’s Home Turf
India, one of the G20's fastest growing economies, has seen sharp reductions in its growth forecasts for this year and next. While the economy faces headwinds from a slowing global economy, which will hurt outbound shipments, the outlook for domestic activity is also uncertain, despite positive commentary from listed companies. “Domestic consumption is unlikely to remain robust beyond festivity-led pent-up demand following the economic re-opening after the third pandemic wave,”... Read More
