Our businesses in India serve leading corporate and institutional clients across the country. Following a ten-year joint venture, Goldman Sachs established an onshore business presence in Mumbai in 2006. The Bengaluru office opened in 2004, with our new office in Hyderabad opening in 2021.
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India: Union Budget FY22: Tapering Fiscal impulse in FY22 After Bigger Near-term Boost
While India’s FY21 and FY22 fiscal deficit was significantly higher than expectations, Goldman Sachs Research expects the underlying spending pace to fall in the year ending March 2022 despite robust capex spending – with a lower overall fiscal impulse to growth.
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