Investors want more of India, says Goldman Sachs’ Sengupta
Inflation for core goods may reach its apex in the coming quarters, but services inflation could stay sticky for longer, Sengupta said. The current account deficit will likely remain elevated at 3%-3.5% of gross domestic product, even as a peaking dollar gives the central bank “some freedom to play with a lower level of reserves as external balances pressure will be more manageable.”
