New Delhi, Jan. 7 -- The Indian economy is likely to remain on a steady growth path in FY27, and its real GDP is likely to grow at 6.8 per cent for FY27, a moderation from 7.3 per cent in FY26, said Goldman Sachs.
Goldman Sachs expected the private consumption to strengthen further in FY27, and cautioned that a broad-based private capex cycle, which has been a concern, may take time to materialise, with trade uncertainty and high US tariffs acting as near-term constraints.
The report also said that on the policy front, inflation is expected to hover close to the Reserve Bank of India's 4 per cent target, limiting the scope for further rate cuts beyond a possible 25-basis-point easing if growth risks intensify, it said.
On the policy fron...