NEW DELHI, Jan 7: The Indian economy is likely to remain on a steady growth path in FY27, and its real GDP is likely to grow at 6.8 per cent for FY27, a moderation from 7.3 per cent in FY26, said Goldman Sachs.
Goldman Sachs expected the private consumption to strengthen further in FY27, and cautioned that a broad-based private capex cycle, which has been a concern, may take time to materialise, with trade uncertainty and high US tariffs acting as near-term constraints.
The report also said that on the policy front, inflation is expected to hover close to the Reserve Bank of India’s 4 per cent target, limiting the scope for further rate cuts beyond a possible 25-basis-point easing if growth risks intensify, it said.
On the policy front, Goldman Sachs said the inflation is expected to hover close to the Reserve Bank of India’s (RBI) 4 per cent target, limiting the scope for further rate cuts beyond a possible 25-basis-point easing if growth risks intensify.
Recently, the India Ratings & Research (Ind-Ra) also projected the Indian economy to grow at 6.9 per cent in the 2026-27 fiscal year, saying key reforms like GST and income tax cuts, and trade pacts will act as economic catalysts and shield the economy from global turbulence.
For the current fiscal year, Ind-Ra projected real GDP growth at 7.4 per cent, while nominal GDP expansion at 9 per cent.
Recently, in its end-of-year economic review, the government had said India has surpassed Japan to become the world’s fourth-largest economy.
The review had said India’s Gross Domestic Product has already reached about USD 4.18 trillion, and is projected to reach USD 7.3 trillion by 2030.
(UNI)
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