An analyst at HSBC believes expectations for growth and profitability in the India are likely to be be met or exceeded over the coming few years.
What Happened? Despite their high valuations, Indian equities are a good place to position over the coming months as expectations for growth are likely to bear fruit, Geoffrey Lunt, head of Asia investment specialists at HSBC Asset Management, said in an interview with Bloomberg.
Lunt said Indian bonds were also attractive amid expectations of a much more stable Indian rupee over the coming years.
“India is finally in the position to springboard into the next decade or two as being the most dynamic major economy in the world,” Lunt said in the interview.
He added that both India and China were both good candidates for a global portfolio and it made sense to look at both from a holistic perspective.
Get all the latest Share Market trends and news to set you up for the week ahead.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.