Sharp downgrade for India – Goldman Sachs cut India’s FY26 GDP growth forecast to 5.9%, from an earlier estimate of 7% before the Iran war, according to a report by Reuters. This is the second downgrade by Goldman Sachs since Middle East conflict escalated. It also sees risk of rate hike in upcoming April Policy meet by RBI on heightened inflation concerns. Before this, Goldman Sachs had reduced the forecast to 6.5% in March 13. The fresh cut in growth estimate by Goldman’s analysts follows a change in their assumptions on oil prices and the period of disruption to supplies.