Goldman Sachs opens a new office in Mumbai, seeking to expand its business in India

Goldman Sachs, seeking to expand in the world's fourth-largest economy, opened a new office in India's financial capital on Monday. The New York-based bank has settled in Worli, Mumbai, a renowned business hub known for its high-end commercial real estate. According to a statement released on Monday, the new office is approximately 50% larger than the previous one. "The new Mumbai office marks a new chapter in our decades-long growth trajectory in India, highlighting the tremendous opportunities we see in the market," said Kevin Sneader, the company's Asia Pacific president. The Indian financial sector is sparking a new wave of global interest from Wall Street banks to private equity giants. Goldman Sachs has been serving clients in India since the 1980s, and the local office is the largest outside the United States