Narendra Modi meets Goldman Sachs top brass

Prime Minister Narendra Modi today met the Board and top executives of Goldman Sachs, a leading global investment banking, securities, and investment management firm.

After meeting them, the Prime Minister tweeted: “Had a fruitful discussion with the members of the Board and key leadership of @GoldmanSachs. Highlighted India’s vast potential for growth, fuelled by recent reforms and a conducive business environment. Also spoke of how India’s offers several opportunities for global firms.”

In an interview with a business newspaper, Goldman Sachs CEO David Solomon supported India’s growth story, underlining the country’s high growth. He forecasts 6-7 per cent growth rate in the next three years.

He pointed out that global CEOs are recognizing India has a great deal of opportunity, though there despite acknowledging the challenges associated with investing in the country.

“There are significant macro signs to indicate slowing growth in the world, and it was hard to see a scenario where US inflation goes back to 2 per cent “anytime soon,” Solomon said. “There are a bunch of significant macro trends that are inflationary, such as geopolitics, energy transition and supply chain adjustments there are headwinds.”