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Goldman Sachs upgrades India equity outlook amid earnings recovery
Goldman Sachs upgrades India to overweight on stronger earnings and policy tailwinds, sees Nifty 50 rising ~14 % by end-2026 with key support from domestic consumption and new-economy sectors.
Global investment bank Goldman Sachs has upgraded its view of the Indian market from “neutral” to “overweight”, pointing to improving corporate earnings, supportive economic policy and strong domestic investor flows. It sees the Nifty 50 index rising 14 % by end-2026 to around 29,000, driven by sectors such as consumer goods, autos, defence and internet/telecom. Export-oriented areas such as IT and pharma remain more cautious.
The upgrade follows similar moves by other global brokers and reflects renewed optimism in India’s growth story.