Goldman Sachs Bullish on India

The world’s fastest-growing major economy is set to accelerate in the current fiscal year, according to Goldman Sachs.

India’s economy is set to grow by 7.9 percent on-year between April 2016 and March 2017, accelerating from 7.6 percent in the previous year, the investment bank said in a note on Tuesday.

That growth figure, if achieved, would put India well above China, which is expected to expand at a more modest pace this year, with the Chinese government aiming for growth of 6.5 to 7 percent.

Goldman highlighted the following factors that are expected to support India’s growth in the coming months.

  • A better monsoon
  • Wage hikes for civil servants
  • Favorable policy mix
  • Progress on reforms

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza