India’s consumption tax cuts, hailed as a major reform, have yet to impress the stock market, overshadowed by concerns like US tariffs and implementation challenges. While some sectors like autos may benefit, broader investor sentiment remains cautious due to complexities in the new tax structure and uncertainties surrounding consumer spending and global economic headwinds.
Goldman Sachs’ India bets: 8 stocks rally up to 85% in CY26; one new addition
Goldman Sachs’ India equity portfolio fell 6% in CY26 amid mixed stock performance. While 18 stocks declined sharply, eight delivered strong gains, led by GNG