India is entering a 'Goldilocks' zone after central bank surprise: JPMorgan
Rajiv Batra, Head of Asia Equity Strategy at JPMorgan, says Indian markets are entering a 'Goldilocks' scenario following the Reserve Bank of India's bigger-than-expected rate cut, with falling inflation, rising liquidity, and lower borrowing costs set to boost growth. He sees broad-based benefits across banks, non-banking financial companies, consumption and real estate, while remaining cautious on IT and autos.
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