The stock markets have reduced their estimates of income.
Indian Economy: Amid the second wave of Coronavirus in India, Goldman Sachs, a Wall Street brokerage company, projected India’s growth rate for the current financial year 2021-22 from 10.9 percent to 10.5 percent. Have given.
Reduced from 27 percent to 24
Goldman Sachs has lowered India’s real GDP growth forecast for 2021 from 10.9 per cent to 10.5 per cent. The brokerage company estimates that this will also affect the June quarter growth. With this, Goldman Sachs has reduced the estimate of earnings growth in 2021 from 27 per cent to 24 per cent.
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The brokerage forecasts that revival will resume from July after easing the restrictions and increasing the pace of vaccination. It has been told from the brokerage firm that the crisis of confidence is also visible in the stock markets. The Nifty lost 3.5 percent on Monday.
Goldman Sachs has also lowered its growth forecast for the second quarter of June. However, he has not given any data for this. However, the note has expressed hope that the total impact of all these things will be minor, as the curbs have been imposed in some areas.