Goldman Sachs forecasts shallow RBI rate cut starting March 2025, lowers India's FY25 growth outlook to 6.4%

Goldman Sachs predicts the Reserve Bank of India will implement a modest rate cut of 50 basis points by June 2025, commencing in the March quarter. They also revised India's growth forecast to 6.4% for FY25, citing a cyclical slowdown and the impact of a strong dollar. Despite this, the bank maintains India's long-term growth potential remains positive.