INDIA: THE MOST COMPLEX OF THE BRICS

INDIAN ECONOMY MAY BEAT EXPECTATIONS IN 2013: GOLDMAN SACHS

India's economic growth slipped in July-September quarter to 5.3%

Press Trust of India

Business Standard, December 9, 2012

India's GDP may exceed all expectations next year as there are signs that policymakers might spring up positive surprises, Goldman Sachs has said.

"India in many ways remains the most complex of the four (Bric nations), with its demographics giving it the best potential GDP growth rate, but its inability to introduce effective policy change is a persistent source of disappointment" leading international fund house Goldman Sachs asset management chairman Jim O'Neill said.

"This being said, there are lots of policy changes being discussed and the Indian stock market seems to be quite excited about something.

"We think 2013 Indian GDP will probably exceed expectations, as there are indeed signs that policymakers might also positively surprise," O'Neill said in a research note, but did not put any figures to his estimates.

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