India to remain world’s fastest economy until 2030: Goldman Sachs
New Delhi| India will remain the fastest economy in the world until 2030 due to strong GDP growth and positive investor sentiment. This information was given by global brokerage house Goldman Sachs. On behalf of the Global Brokerage House, it was said that India’s income has started to stabilize over the years and the profit growth may continue till 2030, as the country’s economy remains strong amid global turmoil.
Further said that the total income and market cap of Nifty has grown at a compound annual growth rate (CAGR) of 18 percent in the last five years. According to Goldman Sachs, as growth occurs, the profit pool is likely to shift towards the investment cycle, which includes auto, real estate, chemical and other industries, and see a large increase in its profit share. Could.
Earlier, investment firm Moody’s said that the Indian economy could grow at a rate of 7.1 percent in FY 2024-25. According to S&P Global, India’s economy could grow at 6.8 percent in FY 2024-25. Also informed that India’s GDP growth rate may be 6.9 percent in the financial year 2025-26.
The global rating agency said that there has been a slowdown in India’s GDP growth in the June quarter. The reason for this is the impact of urban demand due to high interest rates. Inflation in food products is the biggest challenge for RBI to cut interest rates.
Also that there has been no change in our outlook. We feel that interest rates can be cut by RBI in October. Two cuts in interest rates may be seen in the current financial year.
