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Home > All news > Economy, Report & Analysis > Goldman Sachs raises India’s GDP growth forecast to 6.7% for 2024 

Goldman Sachs raises India’s GDP growth forecast to 6.7% for 2024 

May 31, 2024
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IMF raises India’s FY24 growth forecast to 6.7 %

NEW DELHI : Goldman Sachs has raised its GDP growth forecast on account of the bumper dividend by the Reserve Bank of India (RBI) and has also pushed back its expectations of interest rate cut by the central bank.Analysts at Goldman Sachs have revised upwards India’s GDP forecast by 10 basis points (bps) to 6.7% for 2024 as they expect sustained growth momentum with extra fiscal space on the back of massive dividend transfer by the RBI.

On domestic growth, high frequency indicators remain strong, with our proprietary . . .

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