New Delhi, Sep 25
Driven by strong GDP growth and positive investor sentiment, India is poised to remain among the world's fastest growing economies until 2030, global brokerage Goldman Sachs has said.
The country’s earnings have started to stablise over the past few years, with “mid-teen profit growth momentum that might sustain until 2030,” Goldman Sachs said in a note, , as the country continues to remain resilient amid global uncertainties.
According to the global brokerage, Nifty’s total earnings growth and market cap have both achieved an 18 per cent compound annual growth rate (CAGR) over the past five years.
“As this evolves, the profit pool is likely to shift towards investment cyclicals, which includes autos, real estate, chemicals along with industrials, which could see the largest rise in profit share. Consumer cyclicals could see the highest absolute growth,” according to Goldman Sachs.
Meanwhile, the Indian economy is projected to grow faster at 7.1 per cent this fiscal (FY25), Moody’s Analytics has said.
In its new Asia Pacific outlook, the global credit ratings kept the country’s growth forecast unchanged at 6.5 per cent for 2025 while projecting faster growth of 6.6 per cent in 2026.