There is a major shift occurring in global markets as investors pull billions of dollars out of China's slowing economy and redirect funds to India. After years of betting on China as the biggest growth story, Wall Street firms such as Goldman Sachs and Morgan Stanley are now endorsing India...
India’s Stock Market Value Crosses $4 Trillion
India’s stock market value crossed the $4 trillion threshold for the first time in December this year, a significant achievement for the world’s fifth-largest equity market. This rapid growth has seen India close in on Hong Kong, whose equity measure has dropped 17% this year. With a $1 trillion increase...
Goldman Sachs: India to Become World’s Second-Largest Economy by 2075
Goldman Sachs Research says that India could become the world’s second-largest economy by 2075, leapfrogging U.S., Japan, and Germany. It added that India's population of 1.4 billion people is expected to drive significant economic growth. Spearheading India's economic trajectory is also its progress in technology and innovation, the investment bank...
Goldman Sachs Invested in India’s Aragen Life Sciences
In May 2021, Manhattan, NY-headquartered Goldman Sachs alternative investing arm Goldman Sachs Asset Management acquired a significant minority stake in Hyderabad, India-based Aragen Life Sciences a contract research organization. Goldman bought shares previously held by ChrysCapital and other existing shareholders who were invested in the company for more than five...
India, a Favored Investment Destination, Say Global Companies
Goldman Sachs, IBM, DHL, Brookfield, Standard Chartered Bank, have informed the Indian government that within the next three years, they will significantly scale up their operations in the country. India's asset monetization programs are drawing interest from several global investors, especially those in REIT and InvITs. A slew of free...
Goldman Sachs Upgrades Outlook on India
With the strong possibility of a re-election for the Modi administration in India’s national elections that begin in April, Goldman Sachs is confident about India’s short-term economic prospects. The firm raised its outlook on India to “overweight” on high foreign fund inflows. Monetary easing by India's central bank, the Reserve...