India's Macro Outlook Brightens as Oil Prices Ease: DSP Report
Lower oil prices, easing FPI outflows and attractive valuations are strengthening India's macroeconomic outlook, says DSP.
New Delhi, July 6 (IANS) India's macroeconomic and growth outlook has improved as lower oil prices, easing foreign portfolio investment (FPI) outflows and attractive valuations in rupee assets strengthened the country's macro fundamentals, a report said.
"RBI is likely to remain growth supportive with liquidity support. Yields are likely to fall over time. With available excess capacity and a demand revival shaping up, it is possible that India's growth outlook improves from here," the report from DSP said.
The firm noted that improving growth, especially nominal growth, is likely to spur Corporate India's sales growth.