Balancing Budget 2013-14 is going to be challenging: Sudhakar Ramasubramanian
But are valuations a cause for concern?
From the valuations point of view, Indian markets are trading around 14-15x one-year forward earnings. We do not see a big valuation upside but we do see a big earnings upside. For the latter to happen and for us to see 20-25% increase in equity markets, we need policy changes and we hope these policy changes happen in the budget. We believe, the FM has enough levers in his hands to make adjustments. If we do have a good budget, we foresee Indian equity markets as the best asset class to invest in this year.
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