Goldman Sachs sees more pain in store for the Indian economy

The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006, the report said.

Analysts at Goldman Sachs see more pain in store for the Indian economy over the next few months despite the government’s stimulus unveiled last week. In their recent co-authored report titled India’s Economic Slowdown, Andrew Tilton, their chief Asia-Pacific economist expects this slowdown to last at least a couple of quarters more.

“Weak global macroeconomic conditions, and a negative fiscal impulse are assumed to be a drag on economic activity. The risks to our outlook for economic activity for FY20 continue to be tilted to the downside, given the continued weakness in consumption indicators, and persistent confidence concerns emanating from