India

According to Goldman Sachs, India’s economic growth is expected to surpass 6% for the rest of the decade. The growth potential is adjusting towards approximately 6.5%, with a forecasted growth of 6.3% for FY24-25, slightly below the central bank’s projection of 7%. The bank is likely to sequence its monetary policy adjustments after the Fed, with Goldman anticipating two rate cuts in H2 2024.