India’s foreign direct investment inflows remain robust, which could be key driver for the country’s economic growth and productivity increase over the medium term, notes Goldman Sachs.
Tushar Poddar of Goldman Sachs Research in his August 17, 2015 research note titled: “India Views: Better macro data” revised his 3,6 and 12 month forecasts for the INR to 64.5, 65, and 65, after the impact of the surprise CNY depreciation last week.