That's despite Indian stocks already soaring, with the country's benchmark indexes BSE Sensex and Nifty 50 soaring to new record highs on Friday, according to Refinitiv data.
He said that Indian stocks have a 16% compound annual return over the last 20 years in local currency terms, and 13% in dollar terms.
It also has a high proportion of what Goldman analysts dub "multibagger" stocks, according to Koul.
Goldman Sach screened 25 large-cap Indian stocks for those with an attractive growth and valuation profile.
Four banks meet its criteria: HDFC Bank , ICICI Bank , State Bank of India and Kotak Mahindra Bank.
Persons:
Goldman Sachs, Sunil Koul, CNBC's, Koul, That's, Goldman, Banks, Goldman Sach, Larsen, Toubro, — CNBC's Michael Bloom
Organizations:
Asia Pacific, CNBC, HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, U.S . Global, SBI, UltraTech, Growers
Locations:
India, U.S