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Goldman Sachs on India: growth to improve, equities to rise in 2020

Dec 04, 2019 11:31 IST

Wall Street brokerage Goldman Sachs has joined peers in sharply slashing growth estimate, but has predicted an 8.5 percent gains in equity indices next year despite elevated valuations. The brokerage attributed the evident dichotomy between GDP growth estimates and the benchmark target to the easy monetary policy that the central bank has been pursuing since the beginning of the year. Goldman Sachs expects the Nifty to scale the 13,000-mark by December 2020.

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