Goldman Sachs cuts India GDP growth forecast to 5.9%
after close1 source ↓written by the desknot a recommendation
- for 2026
- 5.9%
- previously
- 7%
- rate hike due
- 50 basis points
- in March
- $105
- in April
- $115
Goldman Sachs has reduced its GDP growth forecast for India to 5.9% for 2026, down from 7% previously. The bank also anticipates a 50 basis points rate hike due to currency depreciation and rising oil prices, expecting Brent crude to average $105 in March and $115 in April. This adjustment reflects heightened inflation and fiscal risks for the economy.
• Growth forecast cut from 6.5%
• Oil prices expected to impact inflation
• Rate hike may affect borrowing costs
Traders should monitor these developments closely as they may influence market sentiment and investment strategies.
Not investment advice. For informational purposes only.