Analysts rush to pare India's forecast after growth shocker

India's economic growth slowed sharply to 5.4% in the July-September quarter, the lowest in seven quarters, prompting economists to lower their growth forecasts for the country. This growth rate was well below both consensus estimates and the Reserve Bank of India's 7% projection. Major analysts, including Goldman Sachs and Barclays, revised their full-year growth estimates, with Goldman cutting its forecast to 6% from 6.4%.