News

Headquartered in Switzerland, CBC has been deeply rooted in the Asian market for more than 25 years.

Mar 04,2021

India is Asia best post COVID recovery story

001.jpg

 

A steady fall in Covid cases coupled with a sharp economic recovery in India has made Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities. Despite high valuations, foreign portfolio investors (FPIs) have turned bullish on Indian markets and pumped in a net Rs 22,038 crore in February so far, after the Union Budget presentation on February 1.

FPIs now see India as having the fastest post-Covid recovery among emerging markets. The sharp and steady decline in Covid infections in India is a clear positive from the FPI perspective and therefore, future flows also are likely to be good. There is a sectoral rotation happening in the market now. The post-COVID business situation in India is improving, for the first time post the Covid-19 pandemic, the cumulative freight revenue of Indian Railways has surged past last year's levels to Rs 98,068.45 crore, as compared to Rs 97,342.14 crore recorded in the corresponding period of the previous year. The Railways added that higher freight revenue for the month is a great signal of an all-round economic recovery that is sweeping the country and speaks volumes about the new management initiatives being taken in Railways to boost business and further improve freight operations.

Investing based on environmental, social, and governance principles, or ‘ESG investing’, has gained much popularity across the world in the past few years. Globally, while most of the mutual funds and ETFs were losing their assets in the first half of 2020, the ones that stayed committed to core investing ideologies of ESG, more so during the COVID-19 pandemic when investors shifted focus towards sustainable and ethical means of investment philosophy, those funds demonstrated their sustainability. It is always in the best interest of any corporation, entrepreneur or investor that their resources are devoted to activities that create sustainable and worthwhile impact around them.

Book the latest information

Switzerland

Address: Parkterrasse 14, 3012 Bern

Phone: +41(0)78 622 3592

Email: info@cbcnow.com

China

Address: CBC Building, 49A Wuyi Road, Shanghai

Phone: +86(0)21 6132 9911

Email: info@cbcnow.com

India

Address: B-805/806, Sagar Tech Plaza, Sakinaka Junction Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, India 400072

Phone: +91(0)22 6770 3718

Email: info@cbcnow.com

Hi, we'd love to hear from you!

Please note: Required fields are marked with an asterisk ( * ).