Goldman Sachs expects the Indian economy to grow more than 6% for the rest of the decade (2030) and will attract more investment from China into the country.
Santanu Sengupta, a Goldman Sachs analyst, said in an interview on Bloomberg Television that the Indian economy has long-term growth potential of more than 6.5%, possibly a little more, and is expected to grow at 6.3% in fiscal year 2024. 25 which will start in April. This, while the Reserve Bank of India's estimate is 7%, is supported by the population. government spending and strong domestic demand This makes India an attractive investment destination in the future.
In addition, it is expected that the private sector in India will accelerate investment. After the general election in the country in April - May.
Potential growth is an estimate of the rate of growth that the economy can expand without causing excessive inflation.