The sharp turnaround in the economy coupled with a drop in Covid cases over the past few weeks has led Credit Suisse upgrade its stance on India to ‘overweight’ is its Asia pacific (APAC) model portfolio. India, it believes, looks much better positioned cyclically and relative to the pandemic. “India suffered a severe outbreak but has seen a dramatic drop in infections, likely due at least in part to achievement of herd immunity in some locations. Earnings per share (EPS) momentum is among the regions’ strongest. Its credit cycle is at an earlier stage than perhaps all other APAC markets. The scope for rate cuts is greater than in perhaps every other market save Indonesia,” wrote Dan Fineman, co-head of equity strategy for Asia Pacific at Credit Suisse in a February 16 note.
Indian economy still weak , credit growth bottoming out: BofA Securities
On the positive side, BofA Securities said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling
PTI | January 16, 2021 | Updated 08:53 IST
The government expects the GDP to contract 7.7 per cent in financial year 2021 because of the reverses
American brokerage BofA Securities on Friday said the Indian economy continues to be weak , pointing to activity indicators tracked by it. On the positive side, the brokerage said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling.
It can be noted that there has been a slew of reports lately about a stronger recovery being underway after the jolt caused by the pandemic. The government expects the GDP to contract 7.7 per cent in financial year 2021 because of the reverses. The bad news is that the continued drop in our BofA India Activity Indicator reinf
Read more about Indian economy weak, credit growth bottoming out: BofA Securities on Business Standard. BofA Securities on Friday said the Indian economy continues to be weak, pointing to activity indicators tracked by it
BW Businessworld
Indian Economy “Weak”, Credit Growth Bottoming Out: Report
The RBI has cut interest rates in two moves after the emergence of the pandemic but has kept rates on hold for the last three consecutive policy reviews because of high consumer price inflation.
Photo Credit :
American brokerage BofA Securities on Friday said the Indian economy continues to be “weak”, pointing to activity indicators tracked by it.
On the positive side, the brokerage said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling.
It can be noted that there has been a slew of reports lately about a stronger recovery being underway after the jolt caused by the pandemic. The government expects the GDP to contract 7.7 per cent in financial year 2021 because of the reverses.