New Delhi, June 27 -- Investment bank Goldman Sachs raised its forecast for India's 2026 gross domestic product (GDP) growth by 30 basis points (bps) to 6.8%, lowered the inflation view by 20 bps to 4.4%, and trimmed its current account deficit estimate from 1.3% to 1.1% of GDP. In a research note released on Friday, the investment bank said India's economic outlook has improved materially following the US-Iran peace deal, with lower crude oil prices reducing inflationary pressures, easing fiscal risks and strengthening the country's external balances. Also on Friday, accounting and consultancy major EY, in its latest Economy Watch report, projected India's real GDP growth at 6.6-6.8% for FY27, noting that stabilizing energy markets will ease supply-side pressures to support both growth and inflation outcomes this year. Goldman Sachs' upgrade comes after India weathered the West Asia war impact better than expected, aided by fiscal and quasi-fiscal measures that absorbed a significant portion of the energy price shock and limited the pass-through of higher fuel costs to consumers, the note said. "India's real GDP growth has held up better than our earlier expectations," Goldman Sachs said, noting that the economy expanded 7.8% year-on-year in the first quarter of calendar 2026, about 50 bps above its earlier forecast.For Goldman Sachs, this latest upgrade caps a highly volatile series of forecast revisions throughout 2026. On 9 February, the investment bank had projected a strong 6.9% growth for the calendar year, citing resilient economic momentum despite challenges such as the stiff US tariffs. The outbreak of the US-Iran war quickly reversed this optimism, prompting a cut to 6.5% early March, followed by a sharper cut to 5.9% on 24 March....