Global brokerage firm Goldman Sachs has upgraded India back to Overweight, citing a revival in growth momentum and an improved earnings outlook. The firm noted that Indian equities, which had underperformed peers through 2024, are now poised for a turnaround supported by stronger policy measures, stabilising profits, and easing macro headwinds.
According to Goldman Sachs, the upgrade reflects growing optimism over India’s medium-term prospects amid improving domestic demand and supportive monetary policy. The brokerage expects the Nifty index to reach 29,000 by the end of 2026, implying an upside of about 14% from current levels, as structural drivers regain traction and foreign investor sentiment improves.
