New Delhi, April 22 -- A recent report by investment bank Goldman Sachs indicates that while the Indian economy maintains relative insulation from economic slowdowns in the United States, the stock markets of both countries demonstrate a notable correlation.

The analysis emphasises India's comparatively lower trade dependency as a key factor in its economic resilience against external shocks.

According to the report, "While the Indian economy is relatively insulated from a US slowdown compared to other markets that have higher trade with the US, there is a strong correlation between Indian equity markets with the US market."

This economic insulation stems largely from India's merchandise exports constituting approximately 12 percent of...