CLSA's Wood remains 'double-overweight' on India; sees Modi return to power

PM Modi, Wood feels, is reaping the reward of a robust response to the Pulwama attacks, which has led to a surge in his popularity

Despite the lack of an economic upturn in India and uncertainty regarding the outcome of the upcoming general election, Christopher Wood, managing director and equity strategist at CLSA has maintained a ‘double-overweight’ rating on India. He has also replaced the investment Arvind Limited in his Asia ex-Japan long-only portfolio with Arvind Fashions the branded apparel business of Arvind, post the demerger and the listing of the latter earlier in March.

As regards polls, Wood expects Narendra Modi – led National Democratic Alliance (NDA) to return to power post the general elections. PM Modi, he feels, is reaping the reward of