The pace of economic recovery in India will slow down and will be about 6% for several years, analysts of Barclays Plc (LON:BARC) and Goldman Sachs Group Inc. forecast.

According to experts, the growth rate at this level will be the best option for India, as it will allow to slow inflation in the country to the target level of the Central Bank, as well as to reduce budget and current account deficits, notes Barclays analyst Rahul Bajoria.

India’s consumer price increase slowed to 6.77% year-on-year in October from 7.41% in September. The Reserve Bank of India (RBI) aims to get inflation to ease to 4% by 2024.

The country’s authorities will release India’s third-quarter GDP data on Wednesday. Experts surveyed by Trading Economics on average forecast the country’s GDP to increase by 6.2% year-on-year. The Indian economy grew 13.5% in the second quarter.

Goldman Sachs analyst Santanu Sengupta said the slowdown in the economic recovery will be favorable for India. “It will make the twin deficit problem more manageable,” Sengupta said, referring to India’s fiscal and balance of payments deficits.

According to his forecast, India’s GDP growth will be 7.1% in the current fiscal year ending March and slow to 6% in the next fiscal.

India’s weakening economic growth will come amid a much deeper global slowdown, said Axis Bank Ltd. chief economist Saugata Bhattachar. Saugata Bhattacharya.

“Lower demand in the economy will help the authorities control the current account deficit and lead to a faster slowdown in inflation,” he said.

The Indian economy is in better shape than most other major economies, but its growth momentum will be held back by the global slowdown, Artha India Chief Executive Officer Niranjan Rajadhyaksha said.

“Given the current level of inflation, trade and fiscal deficits, consolidating economic growth would be a better option for India than stimulating higher growth at the expense of consumer demand,” the expert opined.

Economists surveyed by Bloomberg expect India’s GDP to grow by 7% in the current fiscal year and by 6.1% in the next. Inflation, according to the average forecast of experts, will slow down in the next fiscal year to 5.1% from 6.7% in the current year.