One-off disturbances such as demonetisation and the goods and services tax (GST) have made it difficult to assess the true underlying earnings growth, says JANAKIRAMAN R, fund manager at Franklin Templeton Investments India. He tells Ashley Coutinho that 2018-19 earnings growth should benefit from the positive impact of reform measures. Edited excerpts: How is the current stock market rally, in India and globally, different from those we saw earlier? A noteworthy aspect of this current rally is that earnings growth hasn’t caught up adequately with index ...
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