Goldman cuts Indian equities to ‘neutral’ as economic, earnings growth slows

“While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” Goldman strategists wrote in a note published Tuesday. Goldman Sachs tactically lowered Indian equities to “neutral” from “overweight” on Tuesday, as the country’s slowing economic growth weighs on corporate earnings, amid record foreign outflows from […]

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