GDP growth may cross 7.5% if reforms accelerate: David M Solomon, CE...

GDP growth may cross 7.5% if reforms accelerate: David M Solomon, CEO, Goldman Sachs  Economic Times

BENGALURU: The re-election of Prime Minister Narendra Modi with a massive mandate has been a major confidence booster for Goldman Sachs in India, both as an investor and as an allocator of capital, said its top executive, and hoped for the continuation of economic reforms. “Our base case on GDP growth is 7.5%,” said Goldman Sachs CEO David M Solomon in his first interview with Indian media. “If the reform programme accelerates there can be considerable upside in the GDP growth on a forward basis… Our growth will closely match that of the growth of the Indian economy.” In a freewheeling conv...