Goldman Sachs has revised its outlook on Indian stocks from overweight to neutral due to concerns about the deceleration of economic growth. This represents a significant change in sentiment after the Indian market experienced 11 consecutive months of gains.
Analysts are now reevaluating the sustainability of these recent increases. On the other hand, UBS Global Wealth Management has a more positive view, suggesting that the current slowdown in growth and earnings is likely to be temporary. They advise investors to view this as an opportunity to "buy the dip," indicating their confidence in the long-term potential of Indian equities despite the challenges faced recently.