In a recently released report on the Indian consumer by Goldman Sachs, titled ‘India Consumer Close-Up’ analysts Joshu Lu, Anita Yiu and Aditya Soman note: The "Urban Mass" – a cohort of 130 million people today – both educated and blue-collar and migrant workers that will expand “both in size and...
Goldman Sachs Forsees Better Corporate Earnings in India
Timothy Moe, chief Asia-Pacific regional equity strategist at Goldman Sachs believes that in spite of a sluggishness in its markets at the start of the year and slow implementation of reforms, India will remain one of the strongest growth stories in the region, reports Business Standard. He views the current...
Amazon: India Will Be its Biggest International Market in a Decade
According to Forbes, Amazon perceives the India e-commerce market as a whole to be an opportunity which will be measured in trillions of dollars, and that India will be its biggest market after the U.S. within a decade. (According to a Goldman Sachs report, the Indian e-commerce market will be...
India’s Economy is Now Growing Faster than China’s
Last year, economists at the World Bank, the International Monetary Fund, and Goldman Sachs suggested that within a year or two, India’s economy might be growing more quickly than China’s. But official statistics published on February 9th revealed that India’s GDP rose by 7.5% in 2014, a shade faster than...
Goldman Invests $40 Million in Indian Hotel Chain
Goldman Sachs, through an affiliate, has invested $40 million as equity in Vatika Hotels, a hospitality venture of the realty firm Vatika Group. Gurgaon-based Vatika Group did not disclose the equity stake. The Siasat Daily reports that when contacted, Vatika Group president (Hospitality) Vineet Taing said, "We have received investment...
India Growth Rate to Surpass China in 2016 Says Goldman Sachs
Goldman Sachs is predicting that after more than 15 years stuck in China’s slipstream, India could surpass China in the next two years in terms of real gross domestic product expansion. A recent report from the American investment bank projects India’s real GDP growth rate will remain behind China’s this...