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Broker call▼ Bearish for Indian equities
HSBC's Pranjul Bhandari sees exports driving India's growth, expects two more RBI rate hikes
The brief
- HSBC Chief India Economist Pranjul Bhandari expects two more RBI rate hikes
- Bhandari says exports are emerging as India’s biggest growth driver, helped by trade agreements and a weaker rupee
- Further rate hikes could pressure Indian banks and rate-sensitive stocks
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- India sets one trillion dollar export target for goods and services this year, says Piyush Goyal
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