BNP Paribas Asia downgrades India on policy concerns

We remain positive on Asian equities and we continue to favour cyclicals and financials ahead of defensives, says Erwin Sanft, BNP Paribas Asia.

August 30, 2012 / 08:18 IST

Erwin Sanft, BNP Paribas Asia said that, "We remain positive on Asian equities and we continue to favour cyclicals and financials ahead of defensives. Central banks are aligned in a global effort to boost growth for the first time since 2009. We expect growth to be higher in 2013 growth than in 2012. However, we have downgraded India on policy concerns."

first published: Aug 30, 2012 08:11 am

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