Neelkanth Mishra

The United States may see a deep recession soon, and such a scenario would impact not only India's services sector, which is a key component of the country's GDP, but also bring about volatility in the bond and equity markets, a top economist said.

The brokerage favours energy and metals, state-run banks and IT sectors.

Neelkanth Mishra, India equity strategist of Credit Suisse, said the market impact should be short-lived and the Street had already priced in the Grand Alliance's win in the elections.

Credit Suisse says about one-third of India's middle class is employed by the government and as the 7th Pay Commission comes through, there will be an improvement in discretionary spending.

Swiss brokerage Credit Suisse on Wednesday said robust foreign inflows into India's debt and equities markets will halve to $18-20 billion next year on a slowdown in the sovereign wealth funds (SWFs) play.

A new government cannot revive the investment cycle quickly. It takes 6-8 years to revive the investment cycle for a new government, says Neelkanth Mishra of Credit Suisse.

A policy paralysis, slowing growth and worsening fiscal situation could hurt Indian equities in 2012.

The United States may see a deep recession soon, and such a scenario would impact not only India's services sector, which is a key component of the country's GDP, but also bring about volatility in the bond and equity markets, a top economist said.

The brokerage favours energy and metals, state-run banks and IT sectors.

Neelkanth Mishra, India equity strategist of Credit Suisse, said the market impact should be short-lived and the Street had already priced in the Grand Alliance's win in the elections.

Credit Suisse says about one-third of India's middle class is employed by the government and as the 7th Pay Commission comes through, there will be an improvement in discretionary spending.

Swiss brokerage Credit Suisse on Wednesday said robust foreign inflows into India's debt and equities markets will halve to $18-20 billion next year on a slowdown in the sovereign wealth funds (SWFs) play.

A new government cannot revive the investment cycle quickly. It takes 6-8 years to revive the investment cycle for a new government, says Neelkanth Mishra of Credit Suisse.

A policy paralysis, slowing growth and worsening fiscal situation could hurt Indian equities in 2012.