- Indian tech which dominates the global outsourcing market is well poised to benefit from $4.5 trillion worth of tech spending, although the pace of large deal wins has slowed.
- Indian financial stocks are poised to see an improvement in loan growth, and asset quality issues haven’t been as bad as initially feared.
- The prospects for PIN’s top holdings look bright, but steep valuations should also be noted.
- Foreign investors tend to be less bullish on Indian equities when crude oil prices are at elevated levels given the risks to the country's import bill.
- PIN’s valuations are steep and it looks overstretched to the upside.
For further details see:
Invesco India ETF - Encouraging Outlook, But Limited Value At These Levels