Goldman Sachs Lowers India’s GDP Growth Rate Forecast to 5.9% for CY26
In March 2026, Goldman Sachs lowered India’s Gross Domestic Product (GDP) growth forecast to 5.9% in Calendar Year 2026 (CY26) over its pre-Iran war forecast of 7%.
Key Projections:
Inflation: Goldman Sachs report also projected India’s inflation to increase to 4.6% in CY26 compared to its previous forecast of 3.9%.
CAD: As per the report, India’s Current Account Deficit (CAD) is expected to widen to 2% of GDP in CY26.
South Asia Growth: The bank has lowered its growth projection for the South Asian economy to 6.5% in CY26.
In March 2026, Goldman Sachs lowered India’s Gross Domestic Product (GDP) growth forecast to 5.9% in Calendar Year 2026 (CY26) over its pre-Iran war forecast of 7%.
Key Projections:
Inflation: Goldman Sachs report also projected India’s inflation to increase to 4.6% in CY26 compared to its previous forecast of 3.9%.
CAD: As per the report, India’s Current Account Deficit (CAD) is expected to widen to 2% of GDP in CY26.
South Asia Growth: The bank has lowered its growth projection for the South Asian economy to 6.5% in CY26.
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