India poised to be among fastest-growing economies till 2030: Goldman Sachs ...Middle East

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India poised to be among fastest-growing economies till 2030: Goldman Sachs
New Delhi: Driven by strong GDP growth and positive investor sentiment, India is poised to remain among the world’s fastest growing economies until 2030, global brokerage Goldman Sachs has said. The country’s earnings have started to stablise over the past few years, with “mid-teen profit growth momentum that might sustain until 2030,” Goldman Sachs said in a note, , as the country continues to remain resilient amid global uncertainties. According to the global brokerage, Nifty’s total earnings growth and market cap have both achieved an 18 per cent compound annual growth rate (CAGR) over the past five years. “As this evolves, the profit pool is likely to shift towards investment cyclicals,

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