Posted 10/17/2023, 8:37:09 AM
JPMorgan Bullish on India and China, Forecasts India to Become 3rd Largest Economy by 2027
- JPMorgan sees India becoming 3rd largest economy by 2027, GDP doubling to $7 trillion by 2030
- Contribution of manufacturing to rise to 25% from 17%, exports to exceed $1 trillion
- Massive changes in India's economy present opportunities for sector selection
- JPMorgan bullish on China too, points to below-average earnings revision trend
- China contemplating new stimulus with increased 2023 budget deficit
- China exploring setting up stock market stabilization fund to boost confidence
