Indian Markets - Nomura - 01.06.2021
* India Is A High Earnings Growth Market
* Especially, If Banks Deliver On Credit Costs Declines
* See India As Large Liquid Market & Counter-Weight To North Asia
* Modest Reforms Momentum: Home To A Number Of High Quality/Growth Stocks Albeit Expensive
* India Is Less Exposed To Global Trade; Fiscal Activism A Positive For Growth Outlook
* See Prospects of Rising FDI On Local Manufacturing Push
* Still A Major Risk, And Coupled With Stretched Govt Finances Could Weigh On Vaccine Rollout Strategy
* Valuations In India Not Inexpensive After Recent Outperformance
* Very High Oil Prices On Global Recovery Is A Risk To Indian Markets
Indian Markets - Nomura - 01.06.2021
