Goldman Sachs recommends buying India’s 30-year bonds, citing easing inflation expectations and lower oil prices that shrink fiscal risks. The broker’s note follows a period of heightened volatility linked to the Iran conflict, but analysts say the war’s impact on emerging‑market debt has remained limited. The note adds the 30‑year tenor hedges short‑term rate swings, appealing to duration seekers.

Investors have watched India’s debt market closely as oil‑price declines ease the current‑account burden and free up fiscal space. With core inflation trending lower, the yield curve has flattened, making long‑dated gilts more attractive relative to regional peers. Goldman Sachs endorsement could channel fresh foreign inflows, supporting the rupee and sovereign credit rating. Such inflows could also lower borrowing costs for future infrastructure projects.

The recommendation arrives as portfolio managers rebalance exposure after the Middle‑East flare‑up, seeking assets with stable cash flows. By signaling confidence in India’s fiscal trajectory, Goldman Sachs may influence benchmark indices that track Asian sovereign bonds. Market participants will likely test the thesis against upcoming budget data, but the immediate effect is a tilt toward Indian debt.