The government is also expected to ensure enough spending to revive the rural economy ahead of the elections. According to Nomura analysts, election related spending can support demand in sectors like FMCG and two-wheelers.
Upbeat earnings bolster case for India stocks as Asia wavers
Indian equities are outperforming Asian peers, supported by stronger-than-expected corporate earnings, improving valuations and renewed foreign investor inflows. September-quarter profits rose 20% among major companies,