GDP Growth Will Rebound: Goldman Sachs

New Delhi: A Goldman Sachs report has said that the worst seems to be behind for Indian equity markets in terms of economic growth and the earnings trajectory.

However, market volatility will likely remain high given global headwinds against the backdrop of reciprocal tariffs from the US, said the global brokerage in its note. India reported 6.4 per cent GDP on a year-on-year basis in the fourth quarter of the calendar year 2024 as private consumption growth supported the GDP recovery.

India’s GDP decline has bottomed out, according to economists at the brokerage, and the recovery will be gradual from here on. High-frequency indicators across various sectors showed buoyant rural activity in January. They see growth ranging between 6.6 per cent and 7 per cent in the next four quarters, and India’s GDP growth for calendar year 2025 to be at 6.4 per cent year-on-year.