HSBC warms up to India ahead of general polls
Updated : November 27, 2018 01:33 PM IST
India is one of the fastest growing markets in Asia, with MSCI India EPS growth consensus -- a design to measure large-, mid- and small-cap segments of the stock market, seen at 18.8 percent in 2018 and 24 percent in 2019, HSBC said in a note titled "The Flying Dutchman".
With the parliament elections scheduled for 2019, HSBC said it expected equities to gain like in the previous three polls, probably "because more pro-growth policies are implemented before elections or that the market is more willing to anticipate such policies".
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