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Goldman Sachs Lowers India's 2026 Growth Projection to 5.9% Amid Iran War Repercussions
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Goldman Sachs Trims India's 2026 Growth Forecast to 5.9% Amid Iran War Fallout
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News18
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24-03-2026, 12:47
Goldman Sachs Trims India's 2026 Growth Forecast to 5.9% Amid Iran War Fallout
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Goldman Sachs cuts India's 2026 economic growth forecast from 7% to 5.9% due to the Iran-US war.
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The revision is attributed to oil price hikes, inflation risks, and prolonged supply disruptions.
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India faces elevated crude prices due to its high energy dependence.
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Disruptions in the Strait of Hormuz are expected until mid-April, with normal supply by end of May.
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Brent crude is forecasted to average $105 in March, $115 in April, then ease to $80 by Q4; LPG scarcity hits Indian cities.
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