New Delhi, June 26 -- Goldman Sachs has upgraded India's macroeconomic outlook for calendar year 2026 following the recent US-Iran peace deal, raising its real GDP growth forecast while lowering its inflation and current account deficit projections, citing easing oil prices and improving domestic economic conditions.

In its latest report titled India: Improved macro outlook after the US-Iran deal, the global investment bank said it has revised its forecasts after the sharp decline in crude oil prices reduced risks to the Indian economy.

"On balance, with the recent downward revision in the oil price forecast by our commodities team ($82/bbl average in Q3-Q4 CY26, vs. $92/bbl earlier and $75/bbl average in CY27, vs. $80/bbl earlier), we ...