Goldman Sachs Group Inc. expects Indian businesses to boost investment, the central bank to cut interest rates and inflation to remain elevated after elections next year.
While macro-economic resilience will continue, 2024 “will likely be a tale of two halves,” economist Santanu Sengupta said Monday during the release of the India Outlook report for next year. Government spending will likely be the growth driver ahead of polls, but post-elections, “we expect investment growth to re-accelerate, especially from the private side,” he said.
Read More : Goldman Predicts Accelerated Investment in India, Anticipates Rate Cut Post-Elections