{"id":18127,"date":"2024-08-23T22:24:28","date_gmt":"2024-08-23T16:54:28","guid":{"rendered":"https:\/\/bigbreakingwire.in\/goldman-sachs-lowers-indias-2025-gdp-growth-forecast-to-6-4-amid-government-spending-cuts\/"},"modified":"2024-09-04T14:03:31","modified_gmt":"2024-09-04T08:33:31","slug":"goldman-sachs-lowers-indias-2025-gdp-growth-forecast-to-6-4-amid-government-spending-cuts","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/goldman-sachs-lowers-indias-2025-gdp-growth-forecast-to-6-4-amid-government-spending-cuts\/","title":{"rendered":"Goldman Sachs Lowers India&#8217;s 2025 GDP Growth Forecast to 6.4% Amid Government Spending Cuts"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Goldman Sachs recently revised its forecast for India&#8217;s real GDP growth in calendar year (CY) 2025, lowering it by 20 basis points to 6.4% year-over-year. This adjustment follows similar revisions for CY 2024, which was also cut by 20 basis points, bringing the expected growth down to 6.7%.<br><br>The primary reason behind these downward revisions is a significant contraction in central government expenditure, particularly a 35% year-on-year reduction during the April-June 2024 quarter, coinciding with the general elections. Additionally, <a href=\"https:\/\/bigbreakingwire.in\/goldman-sachs-raises-u-s-recession-probability-to-25-amid-recent-unemployment-data-forecasts-federal-reserve-rate-cuts\/\">Goldman Sachs highlighted potential challenges for future growth<\/a>, including the government&#8217;s commitment to reducing the fiscal deficit and slower real consumption growth due to tighter household credit conditions.<br><br>However, the forecast also suggests that some of these negative impacts could be offset by an expected easing of monetary policy by the Reserve Bank of India, starting in December 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs recently revised its forecast for India&#8217;s real GDP growth in calendar year (CY) 2025, lowering it by 20 basis points to 6.4% year-over-year.&#8230;<\/p>\n","protected":false},"author":1,"featured_media":18126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,618,31,29,5090,616,619],"tags":[5233,5235,5238,855,245,5234,1913,5232,5237,5236],"class_list":["post-18127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-brokerage-reports","category-business","category-finance","category-short-news","category-stock-in-news","category-stocks-in-news","tag-2025-economic-growth","tag-cy2025-gdp","tag-economic-forecast-adjustments","tag-fiscal-deficit","tag-goldman-sachs","tag-government-spending-cuts","tag-india-economy","tag-india-gdp-forecast","tag-india-real-gdp","tag-rbi-monetary-policy","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/08\/file-ZfTLLZyi9laL4pYysXLET8EU.webp","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-4In","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/18127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=18127"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/18127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/18126"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=18127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=18127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=18127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}