Goldman Sachs predicts Indian government will curb investments

12:00:00 AM, Tuesday 10th of October 2023 | in business

Goldman Sachs forecasts a decrease in the Indian government's investment spending in the coming years as it works to reduce its budget deficit. Prime Minister Narendra Modi's administration aims to slash the fiscal gap by around 1.5 percentage points over the next two years. This suggests that the recent rapid growth in capital expenditure won't be sustainable, per Goldman economists Santanu Sengupta, Arjun Varma, and Andrew Tilton.