News Snapshot:
India’s macroeconomic position is expected to be relatively better than most Asian peers.. And this is driving optimism for the country’s corporate earnings outlook. The consensus earnings per share (EPS) growth estimates for the benchmark Nifty50 for FY23-FY25 are higher than most emerging market and developed market economies. The chart alongside has details. “Close competitor China struggled with zero covid and uncertain policy environment (crack down on tech and real estate sector, etc), this along with Ukraine war led to distorted supply chains," said Bhawana Chhabra, vice president, equity strategy, Elara Capital. She pointed out that lingering policy concerns would...
