Goldman Sachs Predicts India Outperforms On Earnings

Goldman Sachs' Chief Asia Pacific Equity Strategist Timothy Moe says India could stage a comeback in 2026 driven by earnings recovery rather than valuation expansion. The firm forecasts about 15% MSCI India earnings growth in 2026, highlights financials, autos, mass consumption, staples, defence and select oil marketers as catalysts, notes foreign outflows of roughly $19 billion in 2025 and $2–3 billion so far in 2026, and says returns will depend on consistent corporate earnings delivery.