Goldman Sachs Cuts India 2026 Growth Forecast to 5.9%
Goldman Sachs cut India 2026 growth to 5.9 percent citing oil supply issues. It also forecasts a 50 basis point rate hike to support the weakening rupee.
Xurve View
Insights:
Xurve View
The Goldman Sachs Group, Inc. has revised its economic outlook for India, lowering the 2026 growth forecast as the nation faces currency volatility and energy supply concerns. The bank now expects the Indian economy to grow by 5.9% in calendar year 2026, a notable decrease from the 7% projected prior to the conflict in Iran. This latest update follows a mid-March revision that had previously pegged growth at 6.5%.
