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    HomeNewsBusinessEconomyGoldman downgrades India to 'underweight'

    Goldman downgrades India to 'underweight'

    Concerns about delayed growth recovery, rising vulnerabilities for the economy and the country's external funding environment has led to Goldman downgrading India

    August 01, 2013 / 16:29 IST

    Goldman Sachs downgraded its rating on Indian stocks to 'underweight' on concerns about delayed growth recovery and rising vulnerabilities for the economy.

    Also Read: Chidambaram's one year report card: More misses than hits


    The external funding environment has also become challenging causing RBI to tighten liquidity, the investment bank said in a note.


    Goldman Sachs also expects corporate earnings to grow at 5 percent for the current fiscal year and 11 percent for the next year, below consensus estimates.

    first published: Aug 1, 2013 08:53 am

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