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India: Looming Profit Contraction, Stay Underweight

by Rajeeb Pramanik, India, ASEAN, and EMEA Strategist  

India’s lofty EPS growth expectations are set for a major disappointment. The RBI has overtightened monetary policy despite the absence of any genuine inflationary pressures in India. Fiscal stance is also restrictive. Stay underweight this bourse in EM and Emerging Asian equity portfolios.

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