3 reasons why Macquarie’s Viktor Shvets remains overweight on Indian market

MUMBAI: Macquarie’s Asia Equity Strategist Viktor Shvets said India is the most expensive emerging market with one of the deepest likely downgrade cycles. Shvets said earnings estimates in the markets for the next two years are wildly optimistic with expectations of 30-40 per cent rebound. He also said India’s long term growth trajectory will be closer to 5 per cent than 7 per cent with erratic polices, albeit improving and supportive recent