Government spending should pick up compared to first half, particularly on the capital expenditure side, and better crop prospects that also does bode well for agriculture production and rural demand, but in the overall scheme of things we do think that India is dealing with tight monetary policy, tight credit policy, tight credit conditions, and now tight liquidity conditions and you have the external environment looking a lot more hostile. So, we see downside risk to our forecast of 6.7%.
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
June 27, 2026