Key Points
Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings.s)..
While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists including Sunil Koul wrote in a note on Tuesday..
Goldman had raised Indian stocks to overweight late last year, citing earnings growth over two years despite global macro headwinds..
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