Goldman Sachs, the American investment bank, has released a report on India’s growth prospects. According to the report, the Reserve Bank of India's stringent policies might lead to a slowdown in domestic borrowing, which could decelerate growth and pose several challenges to the economy. Goldman Sachs has also cited the reduction in central government spending as a factor influencing its forecast. As a result, the bank has revised India’s growth rate downwards by 20 basis points for both this year and the next. This adjustment highlights potential economic hurdles and reflects concerns about the impact of current fiscal and monetary policies on India’s economic performance.
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