Goldman Sachs raises India's CY26 GDP growth forecast to 6.8%

Exam-focused facts from the 30 June 2026 current affairs briefing.

Key facts

Goldman Sachs (GS) has raised India's real GDP growth forecast for calendar year (CY) 2026 to 6.8% year-on-year, an increase of 0.3 percentage points.
GS has lowered the headline inflation forecast to 4.4% year-on-year and the current account deficit (CAD) forecast to 1.1% of GDP, both reduced by 0.2 percentage points.
The investment bank revised its crude oil price forecasts to an average of $82/bbl for Q3-Q4 CY26 and $75/bbl for CY27.
India's real GDP growth for the first quarter of CY26 was recorded at 7.8% year-on-year.
GS expects a balance of payments surplus of 0.7% of GDP for CY26, attributed to lower oil prices and stronger remittance inflows.