India’s economy could see a stronger rebound during the three months to September, following a deeper downturn in the April to June period, according to economists at Goldman Sachs. A stronger rebound of 20% is now seen for the third quarter. The investment bank has left projections for the fourth quarter and first of next year unchanged at 14% and 6.5%, respectively. However, the gross domestic product is now seen contracting by an annualized 45% in the second quarter versus the previous forecast of a 20% drop. The downward revision of the growth forecast could be associated with India’s decision to extend its nationwide lockdown until May 31. While the number of coronavirus cases in India continues to rise with more than 91,300 infections, including 2,897 deaths as of Sunday, experts are of the opinion that the two-month-long lockdown has saved India from a lot of agony. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: There’s very little reason to sell – BMO FX Street 2 years India's economy could see a stronger rebound during the three months to September, following a deeper downturn in the April to June period, according to economists at Goldman Sachs. A stronger rebound of 20% is now seen for the third quarter. The investment bank has left projections for the fourth quarter and first of next year unchanged at 14% and 6.5%, respectively. However, the gross domestic product is now seen contracting by an annualized 45% in the second quarter versus the previous forecast of a 20% drop. The downward revision of the growth forecast could be associated with India's decision… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
