India’s annual economic growth is forecast to slow to about 6% for a few years, according to economists including from Goldman Sachs Group and Barclays.. And they say that’s not such a bad thing.
Gross domestic product expansion at about 6% is a sweet spot for Asia’s third-largest economy to steer inflation back to the Reserve Bank of India’s target, and also to narrow budget and current account deficits, said Rahul Bajoria of Barclays.
