“Though India has some very powerful export earning companies, that is not where we are going to see the biggest compounding in EPS growth. Local currency earning streams are being supported by a structurally stronger rupee. It means India s EPS growth is now compounding much faster than peer group emerging markets in US dollar terms.”
“The core of our interest in India is about the domestic demand story and the development of domestic consumer markets, industrialisation, urbanisation, real estate, construction and financial services. If you look at things like life insurance markets or mortgage, are still very low relative to the levels of GDP that we have in some of the more advanced parts of Asia economically.”
Morgan Stanley upgrades Indian equities: "India is arguably at the start of a long-wave boom at the same time as China may be ending one," strategists at Morgan Stanley wrote in their latest research note. Get more Markets News and Business News on Zee Business.
(Bloomberg) The nascent rebound in Chinese shares is at risk of becoming yet another false dawn as foreign investors seem unconvinced that policymakers can revive a faltering economy.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireHere Are the 78 Charges Trump Now Faces, and
Private equity firms are expanding in India (and ASEAN) at the same time as they are struggle with exits in China. The broking firm has upgraded its rating on India to overweight and downgraded China to underweight