Goldman Sachs & the Indian Economy

Last week, Goldman Sachs upgraded Indian stocks. On Wednesday, the foreign brokerage said that growth in the Indian economy would increase to 6.5 per cent next financial year, and to 7.2 per cent in 2014-15, from 5.4 per cent this financial year. The stock markets have rallied, betting on a recovery, but economic indicators on the ground give mixed signals. (Click on graphic)