India
Highlights The Biden administration is combining Trumpian nationalism with a renewed push for US innovation in a major infrastructure bill that is highly likely to become law. Populism and Great Power struggle with China and Russia are structural forces that give enormous momentum to this…
Highlights The Biden Administration's $2.25 trillion infrastructure plan rolled out yesterday will, at the margin, boost global demand for energy and base metals more than expected later this year and next. Global GDP growth estimates – and the boost supplied by US stimulus – once again…
An Upbeat Outlook For Indian Markets…
Indian Banks Remain Attractive…
Highlights Indian private sector banks have shown a remarkable improvement in their operating efficiency and have largely cleansed their balance sheets. Further, they have plenty of room to grow as they will continue to grab market share from public sector banks. Investors should go long…
Not Much Upside For Indian Equities Versus EM…
India’s Reform Drive
India…
Highlights India has continued its structural reforms agenda with the agriculture and labor market reforms being the latest development. In the agriculture sector, the government is inviting private capital and ushering in free markets after decades of state intervention. This could turn out…
Beyond Indian Mega Cap…
Highlights The strong rally in certain mega-cap stocks has masked the muted revival in the broad equity universe. Limited fiscal stimulus and a broken monetary transmission mechanism herald lackluster economic and profit recoveries. While dedicated EM equity investors should for now maintain…