Oil at $110 Could Drag India's Growth Below 6%, Fuel Inflation: Goldman Sachs

• Goldman Sachs forecasts India's growth to remain under 6% if crude oil averages $110, with inflation rising.
• Santanu Sengupta, Chief India Economist, expects crude to average $110 near-term before easing to $80.
• India faces higher costs due to a premium on Middle Eastern oil and elevated fuel product prices, impacting manufacturing.
• The firm projects 5.9% growth for 2026, with inflation at 4.6%, potentially reaching 6% by year-end due to core goods inflation.