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India’s worst economic slowdown over, but market volatility may persist: Goldman Sachs

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Representative Image © Provided by Asian News International (ANI)
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New Delhi [India], March 26 (ANI): The worst phase of India’s economic slowdown and earnings decline is likely over according to the global financial firm Goldman Sachs.

However, it expects market volatility to continue in the near term because of high domestic investment in small- and mid-cap stocks and global uncertainties, particularly from tariffs.

“The worst is likely behind us in terms of economic growth and earnings trajectory, and prices have corrected meaningfully,” it said.

In a recent report, the firm maintained a “MarketWeight” stance on India within the emerging markets (EM) category. It advised investors to focus on stocks with strong earnings visibility and quality growth.

The report highlighted that the NIFTY 50 index has corrected by 10 per cent from its peak in September 2024. This decline was driven by a slowdown in earnings growth due to weaker macroeconomic conditions and a sharp reduction in valuation multiples across sectors.

Analysts noted that earnings per share (EPS) expectations for FY26 have been cut by an average of 7 per cent across the market.

Goldman Sachs attributed the recent economic slowdown to cyclical factors rather than structural weaknesses. It explained that policy measures such as strict credit regulations in late 2023, a cautious monetary approach, tight liquidity due to foreign exchange outflows, and fiscal tightening had contributed to the weaker growth momentum.

The report said “the growth slowdown is cyclical rather than structural, and largely reflects policy tightness — the lagged effects of credit regulation in late 2023, cautious monetary policy and (until recently) tight liquidity amidst FX outflows”

However, the report suggested that some recent policy changes could help the economy recover in the coming months. These include income tax relief announced in the Union Budget and policy rate cuts by the Reserve Bank of India (RBI).

Goldman Sachs’ economists project that India’s real GDP growth could improve to 6.4 per cent in the second half of 2025.

Despite this optimism, the report cautioned that risks remain, particularly from potential U.S. tariffs on Indian goods, which could impact trade and economic growth.

Overall, while the worst phase of the slowdown may be behind, investors should remain cautious about market volatility and external risks affecting India’s economic outlook. (ANI)

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U.S. drops another bombshell for Nigerians overstaying their Visas

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U.S. Embassy in Abuja
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By Kazeem Ugbodaga

The United States has issued a stern warning to Nigerians overstaying their visas, declaring that violators could face a permanent travel ban and possible criminal prosecution.

In a message released via its official X handle on Monday, the U.S. Mission in Nigeria left no room for doubt, stressing that consular officers have full access to immigration histories and would detect any past visa violations.

“If you overstay your U.S. visa, you could face a permanent ban on traveling to the United States, as well as criminal prosecution,” the statement read.

The Mission further dismissed claims of accidental overstays, stating emphatically, “There is no such thing as an ‘honest mistake’ – it is your responsibility to use your visa correctly.”

This latest warning follows increased scrutiny of immigration violations as U.S. authorities tighten regulations on non-compliant visitors.

With thousands of Nigerians travelling to the U.S. for tourism, business, and education, this development signals severe consequences for those who fail to comply with visa rules.

In recent months, reports have surfaced of Nigerians facing difficulty renewing U.S. visas due to past overstays.

Immigration experts warn that even a short overstay could trigger long-term travel restrictions, making it harder for offenders to secure future entry into America.

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ROMANIA (EUROPE/SHENGHEN) UNSKILLED WORK PERMIT

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BENEFITS/ADVANTAGES:

Family can join you after your residence permit is obtained.
Move within the EU countries without visa.
Enjoy quality healthcare
Transit to permanent residence and become a citizen
Free and quality education for all children.
Affordable cost of living.

*AVIALABLE JOBS, RESPONSIBILITIES, AND SALARY AND PERKS:*

*OCCUPATION:*
a. Construction Worker
c. Electrician

*Job Location:* Romania

*Salary (Monthly):* From 850 Euro to 1,200 Euro
*Schedule:* 8-10 hours per day. Five days a week.
*Accommodation:* Provided by the employer.
*Age:* 21 to 45 years
*Duration of Work Permit:* 1 -2 year
*Processing Duration:* 1 to 2 Months

*REQUIRED DOCUMENTS*
a. CV/Resume (Europass format)
b. International passport valid for 1.5 years
c. Police/Criminal Clearance Certificate
d. One passport photographs on white background.
e. Academic credentials/ certificates.

*VISA REQUIREMENTS*
a. International Passport
b. Invitation and Working permit documents from employer
c. International passport valid for 1.5 years
d. Police/Criminal Clearance Certificate
e. Medical Insurance for 1 year
f. Booked Ticket (Reservation only)
g. One passport photographs on white background.
h. Financial documents (Optional)

*NOTE:* Kindly check with the embassy as requirements and visa application procedure varies by nationality of the applicant.

*PAYMENT TERMS AND OPTIONS*

*TOTAL Fee:* €3,600 Three Thousand Six Hundred Euro) with the following breakdown:

*First Instalment:* € 1,500.00 (Five Hundred Euro) advance payment

*Second Instalment:* €1,500.00 (One Thousand Five Hundred Euro) after working permit is approved ready and a copy is scanned and sent to the applicant.

*Third Instalment:* €600 Six Hundred Euro) after the visa is issued.

Contact us for more information:

Tel/WhatsApp +2348177207526
Website: www.ekensfoundation.org
Email: ekens@ekensonline.com

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Abuja International Conference Center Built In 1991 For N240m Is Being Renovated In 2025 For N39b BY Wike…

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The Abuja International Conference Centre (AICC) was built at an estimated cost of $29.6 million (about ₦240 million at the exchange rate of the time). It was completed in 1991 and has since been one of Nigeria’s premier venues for national and international events.

In 2025 The Minister of the Federal Capital Territory (FCT), Mr Nyesom Ezenwo Wike – CON, GSSRS , says the FCT Administration is expending N39 billion on the rehabilitation of the Abuja International Conference Centre.

 

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