Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content
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

BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.

Stay Connected with BCA

Get our latest events and research insights delivered to your inbox.

The BCA Way

Our Philosophy, Your Edge

Discover More