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Indian stock market valuation a concern, FDI flows likely to continue: HSBC

FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC

Topics
stock market | market valuation | Markets

Puneet Wadhwa  |  New Delhi 



HSBC
HSBC has pegged India's FY22 GDP growth at 8 per cent in fiscal 2021-22 (FY22) with the first half likely to be weak

After a sharp run up from their March 2020 low, the valuation of Indian has become a concern now, said in their Asian outlook conference for the second half of 2021. It maintains a ‘neutral’ rating on Indian equities, but expects foreign direct investment (FDI) to pick up pace going ahead as the economic recovery gathers steam.

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First Published: Tue, June 29 2021. 11:59 IST

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