Indian stocks are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to reverse an economic slowdown. “The slew of measures announced by the government in recent months and the Reserve Bank of India reducing rates should result in only a very gradual recovery in demand over the next 12 months,” said Sher Mehta, director at Virtuoso Economics. When asked what would most likely drive Indian stocks over the next 12 months, a significant minority of respondents …read more
Source:: Yahoo Finance
