India’s real GDP is expected to grow at more than 6% every year between 2023 and 2028, according to Goldman Sachs Research. In tandem, the wealth of affluent Indians is rapidly growing as well. By 2027, according to a report titled “The rise of ‘Affluent India’” by Goldman Sachs Research, this cohort of affluent consumers will increase from around 60 million in 2023 to 100 million people…

    The UK’s 5.5 million small- and medium-size enterprises (SMEs) could be an answer to revving up the UK economy and reversing more than a decade of stalled productivity. A survey of UK small business owners who participated in the Goldman Sachs 10,000 Small Businesses (10KSB) program helps to lay out their views and asks on government policies, such as upskilling the workforce, which could improve worker efficiency and unlock…

    US consumer spending is showing signs of slowing. But that’s more of a return to normal than an indication that a downturn is looming, according to Goldman Sachs Research. Some recent consumption data has appeared soft. Real personal consumption expenditure rose 2.6% in April from the same month a year ago, compared with a pace above 3% last year. Nominal retail sales increased by just 0.1% in…