Are falling growth rates the next big worry for Indian equity markets?

A dip in demand amid rising inflation and central bank policies has seen brokerages, such as Goldman Sachs and Morgan Stanley, cut their respective growth estimates for the Indian economy

Galloping inflation that hit decadal highs and prompted global central banks to hike rates dented sentiment across equity markets in the early part of calendar year 2022. A dip in demand for goods and services as a fallout of rising inflation and central bank policies has seen analysts across brokerages, such as Goldman Sachs and Morgan Stanley, cut their respective growth estimates for the Indian economy as measured by the gross domestic product (GDP).

While Goldman Sachs has cut the full-year 2022 GDP growth forecast for India to 7 per cent from 7.6 per cent and also lowered the current