A not-so-bright outlook for the economy
Andrew Holland is concerned about the ability of the Indian stock market to continue to rally from here. With GDP growth near a decade-low, CPI approaching 11 per cent and rapidly plunging savings and corporate capex, the outlook on the economy and earnings doesn’t look pretty. In the absence of a real turnaround in macros the market cannot piggyback further on the global liquidity-led rally.
