BJP's victory rekindles hope for structural reforms: Goldman
BJP's victory rekindles hope for structural reforms: Goldman
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
“We have taken the view that a new government will be able to undertake previously stalled reforms which can help in increasing economic growth,” Goldman Sachs Economists Tushar Poddar and Vishal Vaibhaw said.
According to Goldman Sachs, India's GDP growth is likely to increase from 4.6 % in FY14 to 6.5 % in FY16, driven by an improvement in investment demand and stronger exports.
