I read somewhere that the Indian market has been downgraded by the major banks.
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•Goldman Sachs recently lowered its Indian GDP growth forecasts for 2024 from 6.2% to 5.7% and for 2025 from 6.8% to 6.4%. This adjustment reflects the ongoing inflation and possible interest rate hikes by the Reserve Bank of India, which could slow economic growth. Global uncertainties, structural challenges such as high unemployment and geopolitical risks are also weighing on the Indian economy. Goldman Sachs is therefore cautious about India's medium-term growth prospects.
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