CLSA adjusts India portfolio post BJP’s election setback, favoring defensive stance with HCL Tech replacing L&T. Overweight on banks, commodities, IT, insurance, and staples. Concerns over market valuation amid Nifty’s 6% drop and historic high PE ratio.
Rise of new cities: Meet the new Gurgaons of India that are growing quietly but steadily
The Union government has outlined strategies to tackle rural unemployment and boost job growth in non-metro cities. The rise of satellite cities like Sri City,