The Indian economy’s slowdown started within three years of 2008 Great Financial Crisis. Ever since 2012, India’s earnings growth started decelerating arguably because the era of crony capitalism ended in 2010 with the unveiling of the 2G spectrum scam.
Revenue is expected to grow robustly at more than 20 percent but due to margin headwinds and extended provisioning requirements of corporate lenders, bottom-line improvement is slow
Sanjeev Prasad of Kotak Institutional Equities says interest in emerging markets is low and India too will get impacted because of FII redemption pressures
Suresh Mahadevan, managing director and head of Indian equities, UBS Securities is in no mood to bet on State Bank of India (SBI) ahead of its second quarter results announcement.