42 days ago • Posted by William Ramstein

Covid outbreak smashes Indian equities progress

Jefferies forecasts India’s economy will grow 10.2% in the year through March 2022, down 3 percentage points from its initial outlook. The figure already must be taken with a grain of salt given the contraction in the year-ago period. Any slowdown could weigh on corporate earnings. Analysts have started to cut price targets for stocks of some of the biggest banks and automobile giants.

Source: Bloomberg