Indian economy less exposed to slowdown in US, but stock markets of both countries show correlation: Goldman Sachs

Sachs reports India's economy is shielded from US slowdown due to lower trade dependency. However, Indian stock markets strongly correlate with the US market. Nifty 50 mirrors S&P 500's movements, especially post-2015. US slowdowns still affect India's exports and port traffic. The firm has lowered valuation multiples for some companies. The United States remains a key trading partner.