Inflation is also expected to tick up to 4.6% in 2026 (from a previous estimate of 3.9%), staying within the central bank's comfort zone but still squeezing wallets.
Plus, with the rupee dropping 4% against the dollar, everyday goods could get pricier.
To help steady things, Goldman thinks a rate hike is likely on the cards soon.

India's current account deficit is set to rise too, from 1.3% at the end of 2025 to about 2% of GDP in 2026, as oil prices are predicted to stay high before easing later in the year.
All these factors are making it tougher for India's economy to keep up its earlier pace.