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Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. "...with the recent downward revision in the oil price forecast... we raise our real GDP growth forecast for CY2026 by 0.3 percentage point to 6.8% Y-o-Y, lower our headline inflation forecast by 0.2pp to 4.4% Y-o-Y and lower our current account deficit forecast by 0.2pp to 1.1% of GDP," Goldman Sachs economics research team said in a note. |