Goldman

• Goldman Sachs has lowered its forecast for India's 2026 Current Account Deficit (CAD) to 1.3% of GDP. • The revision is driven by India's reduced vulnerability to crude oil price hikes, attributed to lower oil intensity and improved energy efficiency. • This shift suggests that India's oil demand has become more responsive to price increases, potentially stabilizing the economy against global energy volatility.

• Goldman Sachs highlights that while investors focus on AI winners like Nvidia, Microsoft, and Amazon, investment banks are becoming the "hidden toll booth" of the boom. • As hyperscalers and infrastructure providers require billions or trillions of dollars in funding, banks are essential for structuring, syndicating, and distributing new debt and equity. • This shift matters because it moves the financial opportunity from the technology creators to the financial intermediaries managing the massive capital flows.

• Goldman Sachs reported on Tuesday, June 3, that private infrastructure and real estate capital will increasingly fund the rapid expansion of AI data centers. • This shift occurs as companies move away from traditional financing methods to meet the massive capital demands of AI infrastructure. • The trend is significant because it diversifies the funding sources available to support the ongoing AI-driven technology boom.