Goldman Sachs has reduced the growth rate forecast for India’s GDP. According to a Bloomberg report, Goldman Sachs has cut India’s GDP forecast by 20 basis points for this year and next year, citing a reduction in expenditure by the central government. The bank now expects the country’s economy to grow at 6.7 percent in
(Bloomberg) — Goldman Sachs Group Inc. recruited former Morgan Stanley staffer Jaehoon Ahn to lead its investment banking business in South Korea, according to an internal memo. Ahn will join the firm as a managing director next month from SK Bioscience Co., where he was most recently vice president and head of strategic planning and
Global financial institution Goldman Sachs, on 15 July, elevated Sudarshan Ramakrishnan and Devarajan Nambakam as the co-heads of investment banking in India, betting big on expected growth in the Indian economy. In a statement, the company said Ramakrishnan and Nambakam will manage the firm’s broader investment banking strategy and drive growth across industry groups in
Goldman also expects a focus on agricultural infrastructure. Mumbai: The 2024 Union Budget may tilt towards, but not pivot to welfare spending, with a focus on rural economy and job creation, economists at Goldman Sachs said in a note on Monday. The budget proposal for the financial year ending March 2025 will be presented on