Indian equities: positioned for a multiyear upcycle

Indian equities are supported by solid fundamentals and offer attractive bottom-up opportunities following structural reforms

May 17, 2018 | Invesco Asian Investment Team

Following a turbulent start in 2018, the Indian equity market rebounded strongly in April and outperformed regional peers. We believe the country is where the next best opportunity lies amid the current market environment: growing uncertainties surrounding central bank policies, trade and geopolitics have been clouding global equity markets and investors are finding a challenging time to price in potential impacts.

We believe India’s stock market is well positioned for a multiyear upcycle given:
• Strong economic momentum on the back of improving domestic activities
• Solid earnings, liquidity and valuation trends
• Abundant bottom-up opportunities unleashed by structural reforms

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