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Countries In-Depth

Indian Stocks: Time To Downgrade

by Rajeeb Pramanik, India, ASEAN, and EMEA Strategist   Arthur Budaghyan, Chief EM/China Strategist  

India’s credit impulse has turned negative. Government spending is contracting. The country’s growth will remain subdued; and both drivers of stock prices – profits and multiples – are headed lower at a time when equity valuations are at a record high.

BCA Research | Emerging Markets Strategy

Global Investment Strategy, Counterpoint, Emerging Markets Strategy, China Investment Strategy, European Investment Strategy, US Investment Strategy.

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