Goldman Sachs cuts India's FY26 GDP growth forecast to 5.9%

Goldman Sachs cut India's FY26 GDP growth forecast to 5.9% from its previous estimate of 7% amid the US-Iran war. It also expects the Strait of Hormuz shutdown to extend into mid-April with India's inflation rising to 4.6% in 2026, a rise from its earlier forecast of 3.9%. Goldman Sachs' forecast follows their change in assumption on oil prices.