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Big Story | Goldman Sachs raises India GDP forecast for FY21

Global brokerage house Goldman Sachs recently revised India’s FY21 GDP target to 10.3 percent contraction as against earlier forecast of 14.8 percent contraction. The brokerage also said it will be overweight on Indian equities, and cited the macro recovery and relatively higher sensitivity of Indian stocks to positive vaccine outcomes.

first published: Nov 18, 2020 05:46 pm

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