According to BCA Research’s Emerging Markets Strategy service, downshifting profit growth expectations and rising interest rates herald a meaningful derating of Indian equities in both absolute terms and relative to their…
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…
The Indian rupee has lost nearly 7% of its value versus the US dollar since the start of the year. Surging commodity prices pushed India’s trade deficit to new lows in June. Meanwhile, portfolio outflows weighed down on the…
Executive Summary Following an unprecedented exodus by foreign investors, Indian stocks’ absolute valuations have cheapened significantly. A breakdown in crude oil prices will help put a floor under Indian firms’ profit…
Executive Summary Long-Term Contracts Needed To Increase LNG Supply The EU will have to reverse course and execute long-term contracts with natural gas producers, LNG shippers and pipeline operators to incentivize…
Executive Summary EU Embargoes Russian Oil The EU imposed an embargo on 90% of Russian oil imports, which will provoke retaliation. Russia will squeeze Europe’s economy ahead of critical negotiations over the coming 6-…
Inflationary pressures appear to be intensifying in the Indian economy. Wholesale prices soared by 15.08% in April – the fastest pace since September 1991. Similarly, at 7.79%, CPI inflation exceeds the 6% upper band of the…
Executive Summary India’s annual consumer price inflation will rise a notch from current levels but is unlikely to surpass 8% in a sustained manner. Demand-driven price pressures are absent in the Indian economy. So are wage…