India s entry into JPMorgan s emerging-market debt benchmark is expected to attract up to $40 billion in inflows, according to Goldman Sachs. India s GDP grew by 7.6%, surpassing estimates. India continues to outperform China, Japan, and Germany, and is projected to surpass Japan in GDP by 2027. India s inclusion in the JPMorgan index is a strong indication of its global growth leadership.
Slowdown in revenue growth for Indian tech shares threatens stock surge. Profit estimates for Indian companies are moderating, with growth at 17.7%. Infosys and Tata Consultancy Services to report slow sales growth. Reduced spending and slower revenue conversion are likely to dent investor optimism. Weakness in the services industry can impact the broader economy.