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Stock impact report

EPI: No Stopping The Leading India Factor ETF [Seeking Alpha]

ICICI Bank Limited (IBN) 
Company Research Source: Seeking Alpha
5.06K Follower s Follow Summary India's growth story isn't slowing down. Equities still have a lot of upside from here. EPI remains poised for outperformance. primeimages/E+ via Getty Images All signs indicate that the world's "fastest-growing major economy" may finally be poised for a GDP growth slowdown. I wouldn't be too concerned, though, as recent downgrades are more down to timing (delayed government spending amid election season last quarter), as well as weather headwinds (heat wave), rather than any sustained moderation in India's economic momentum. Instead, I'd focus on the all-important monsoon rainfall , which is trending a lot better than last year, along with strongly expansionary manufacturing and services PMI prints , as evidence that India's near-term growth trajectory remains firmly intact. Edelweiss It's also worth noting the potential for upside surprises to GDP from here. Note that, to a large extent, India's recent growth has been achieved despi Show less Read more
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