Goldman Sachs predicts 6%+ growth for Indian economy

India's economic growth trajectory may surpass 6 percent for the remainder of the decade, potentially attracting increased investments from China, according to Santanu Sengupta, Goldman Sachs Group Inc.'s India economist.

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In an interview with Bloomberg Television's Haslinda Amin, Sengupta suggested that the long-term growth potential could edge closer to 6.5 percent or slightly higher. He projected a growth rate of 6.3 percent for the upcoming fiscal year starting in April, slightly below the Reserve Bank of India's forecast of 7 percent.

Sengupta highlighted India's demographics, robust government-led spending, and resilient domestic demand as factors that make the country an attractive investment destination in the future. Potential growth, which refers to the pace at which an economy can expand without causing excessive inflation, has been estimated by India's central bank governor to be around 7 percent.