Tag Archives: India growth forecast

MUMBAI: Goldman Sachs has raised Indian stocks to overweight in hopes that the earnings recovery will lead to the rally. Goldman Sachs was a structural bull in India, but had dropped India to market weight in April on national shutdown concerns, increased pandemic cases, and expectations of a significant contraction …

NEW DELHI: The International Monetary Fund (IMF) projected on Tuesday that the Indian economy will contract 10.3 percent in the current fiscal year amid the ongoing coronavirus pandemic. However, the IMF noted that India may grow at an impressive 8.8% rate in 2021, surpassing China’s projected rate of 8.2%, thus …