Stronger growth prospects for Indian economy seen: HSBC

The domestic growth cycle may be bottoming out, with low interest rates and liquidity cycles, a decline in crude oil prices, and a normal monsoon, all supportive of stronger growth prospects for the Indian economy in the coming months, according to a report by HSBC Mutual Fund. 

As per the report, these several supportive factors indicate a potential pick-up in economic momentum going forward. It stated that although global trade-related uncertainty remains a headwind for private capital expenditure (capex) in the near term, India’s investment cycle is expected to remain on a medium-term uptrend. It expects higher private investments in renewable energy and the related supply chain, localisation of higher-end technology components, and India’s growing integration into global supply chains to contribute to faster growth, as per a report.

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