We do not believe that the Indian equity market is overvalued; on the other hand, we believe it is justified. Only in India have listed companies’ net profits more than doubled since pre-covid levels. Despite the Russia-Ukraine crisis, higher interest rates, and inflation, India Inc.’s profitability has increased by 10% in the first half of 2023 versus the first half of 2022.
Fed can afford to stay patient as inflation risks ease: Steve Englander
The Federal Reserve is unlikely to alter interest rates soon, as inflation moderates and the economy remains stable, according to Steve Englander of Standard Chartered.
July 2, 2026