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Goldman Cuts India Growth Outlook As Deutsche Flags Slower Hikes

Citigroup Inc sharply cut its growth projection to 6.7% for the fiscal year to March 2023, from 8% earlier, while Goldman Sachs Group Inc. revised it to 7% from 7.2% earlier, after data on Wednesday showed India’s gross domestic product grew less than expected in the last quarter. Deutsche Bank said slow growth may prompt the Reserve Bank of India to go ease quantum of rate hikes. 

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