Economics
World's Best Economy Betraying Investors as India Earnings Decay
- Profit estimates for Sensex companies cut by most since 2009
- Sensex set for best month in four years as foreigners return
Modi: India's Economic Success Is Hard-Won
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Talk to a skeptic about this month’s global stock rebound and the first thing he mentions is likely to be earnings, or the lack thereof. Why should the nation with the brightest economic outlook be any different?
India’s S&P BSE Sensex is up 9 percent from its February low and set for its best month in more than two years. Company profits are on the opposite trajectory, falling in four of the last five quarters in the worst run since the financial crisis. That’s despite the government forecasting the country to expand faster than any other major economy in the fiscal year through March.