Topic
economic forecast
Business Goldman Sachs raises India GDP growth forecast to 6.8% after US-Iran peace pact
Goldman Sachs raised India's GDP growth forecast for calendar year 2026 to 6.8% from 6.5%, and FY27 growth by 40 basis points to 6.5%, following the US-Iran peace deal. The investment bank cited lower global oil prices, eased supply chain disruptions, and stronger-than-expected first-quarter economic activity as key drivers. It also lowered inflation and current account deficit forecasts.
Trade India's Export Outlook Challenging for FY27, but Worst Is Over: Elara Securities
Elara Securities reported that India's export outlook for FY27 remains challenging but the worst is over, as May trade data showed a 16% YoY rise in overall exports to nearly $82 billion. The report highlighted a divergence in export performance to the US versus other countries, and noted that softer crude oil prices and potential freight cost moderation could help normalize the import bill. However, concerns persist over the widening electronics trade deficit.