The investment outlook for Asia’s third-largest economy is buoyant, but the start of earnings season could prove to be the thorn in the market’s side, forecasts show.
Companies listed on India’s benchmark Sensex stock index are expected to record flat quarterly earnings growth for the October-December period, India’s third-quarter of the 2015 financial year, according to a report from Citi published on Monday. That would mark the weakest growth in five quarters.
“There’s a lot going for India, but it’s not this quarter’s earnings,” economists at the bank said, referring to the country’s current status as a top emerging market pick.
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