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Goldman cuts India's growth estimate; Morgan Stanley sees downside risks

Goldman Sachs cut India's full-year 2022 GDP growth forecast to 7% from 7.6% and also lowered the current fiscal year estimates by 20 basis points from 7.2%. The slightly weaker-than-expected growth in investments and higher drag from net exports contributed to India's GDP falling short of forecasts, Morgan Stanley's India economist Upasana Chachra said.
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