基本信息
文件名称：【汇丰银行-2025研报】印度策略：短期疲软与中期触发因素.pdf
文件大小：322.66 KB
总页数：9 页
更新时间：2025-07-02
总字数：约6.67万字
文档摘要
16June2025
IndiaStrategyEquityStrategy
India
Near-termweaknessvsmedium-termtriggers
◆DiscretionaryconsumptioninIndiaislikelytogetaUSD30-40bnYogeshAggarwal*
annualboostoverthenext18-24months(c10-15%oftotalspend)…HeadofResearch,India
HSBCSecuritiesandCapitalMarkets(India)PrivateLimited
yogeshaggarwal@hsbc.co.in
◆…aidedbytaxcutsinFY26,8thpaycommissioninFY27and+912222681246
lowerinterestratesandinflationPrateekMaheshwari*,CFA
Analyst,IndiaCement,ITandAutos
HSBCSecuritiesandCapitalMarkets(India)PrivateLimited
◆4Q25earningstractionsofarhasbeenbetterthanfeared,thoughprateek.maheshwari@hsbc.co.in
+919819370718
stillledtoac5%downwardrevisioninmarketearningsforFY26
SagarDe