What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsBENGALURU - Citigroup analysts upgraded India to"overweight" from"neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum.
The brokerage’s estimates imply an earnings CAGR of 13% for FY24-FY26, with the trajectory broadly stable, Surendra Goyal, managing director and head of Indian research at Citigroup, said in a note on Friday, while also attributing the India upgrade to sustained economic growth. Citi downgraded China to"neutral" from"overweight", saying the recent rally in its stock markets occurred despite weakening fundamentals.
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