Credit Suisse: Indian econ to see fastest 'USD nominal growth' in world in 2015
India's economy will see the fastest USD nominal growth in the world in 2015, says Credit Suisse.
India's economy will see the fastest USD nominal growth in the world in 2015, says Credit Suisse . Given growth outlook, equity market is not expensive in both absolute and relative terms, it adds.
Indian market is likely to see strongest earnings growth among Asian peers, and even globally, bank says.
Top buys: Gujarat Pipavav Ports Ltd, Havells India Ltd, HCL TechnologiesHDFC Bank, Kajaria Ceramics, Maruti Suzuki Indiaand Sun Pharmaceutical Industries.
Least preferred stocks: Bharti Airtel, Bharat Heavy Electricals Ltd, State Bank of Indiaand Tata Steel.
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As per the rating company, India's economy is now in a recovery phase that will be further supported by the rollout of vaccines in the next months
World Bank says Indian economy may contract by 9.6% in 2020-21, estimates severe income losses in informal sector
In the rest of South Asia, the economic impact of COVID-19 has been somewhat less severe but still significant. Economies that depend heavily on tourism and travel have been especially hard hit