sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

India to slow down further in short-to-medium term: MS
May, 31st 2008

Jonathan Garner at Morgan Stanley said that India is a secular bull market. The strong conditions of 2006 have abated, he feels. There are more headwinds in the emerging market asset class than before, he said.

 Indian economy is likely to slow down further in short-medium term, he added. He expects Indian market to be lower than current levels by year-end.

 The big equity emerging markets will depend on internal drivers of consumption and infrastructure investment, he said. There is a correlation between emerging markets and US equity markets that still exist, he added.

 Garner said that China is back to equal weight. However India is still expensive because it is trading at 17000-18000 mark, and he will be looking at a further under-performance. He said that the correction in Indian market could happen relatively fast. The higher inflation and slower growth will signal stagflation in India.

 He said that structurally people are still underweight emerging market equities. According to Garner the global environment looks tougher to attract equity inflows. The dollar rally is unsustainable, because of secular strength in the Asian, emerging market currencies, he added.

 He  is bullish on the telecom sector. He feels it is on a high growth, but valuations will be at a premium. IT services look good but relatively low valuations versus previous performance, he said. Infrastructure is also good theme, but valuations will be challenging, according to Garner.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions