Goldman Sachs' India push bears fruit in crowded Wall Street field

told directors — including CEO David Solomon — that it was time to stop treating India as a future growth story. Inflation had stabilized, banks had reduced bad loans and corporate balance sheets were the strongest in decades. After some debate, Chatterjee won out. For the Wall Street giant, which for years played on the fringes of Indian dealmaking, the dramatic shift is starting to bear fruit. Goldman vaulted to fourth in Indian equity offerings last year — after never ranking in the top five over the pa ...