New Delhi: A clear mandate for the BJP has rekindled hope for structural reforms and better investment climate and the country's growth is likely to accelerate to 6.5 % in FY16, a Goldman Sachs report said today.
According to the global financial services major, after the BJP's “historic” election victory on May 16, hope for structural reforms has gone up.
“The hope for structural reform which can increase India's growth potential stems partly from the track record of the new Prime Minister-elect, Narendra Modi, who was the Chief Minister of one of India's fastest growing states, Gujarat, for 12 years, and partly from the BJP's election campaign platform of economic development,” Goldman Sachs said.
