India earnings growth to be in high teens; Santa Rally is coming, says Mark Matthews

“The appeal of India is the earnings growth and that is being driven in part by the strong economy but also the resilience of the banking sector after years and years of taking that painful medicine of writing down the non-performing assets is now in a place to lend. We have got a capex cycle which will continue and the banks are the biggest sector in the Nifty.”

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