India's Story Is Strong, Valuation Concerning, Says Timothy Moe
Goldman Sachs maintained a marketweight rating on India. Recovery in agriculture, consumption, and earnings growth were positive, he said. Goldman Sachs is looking at 12% earning-per-share growth for calendar year 2025 in India. Fundamentally, things have stabilised and look constructive, Moe said. India's challenge is that valuation is high.
