Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<p>Following the initial shock of the RBI’s decision to introduce an aggressive new assessment framework for bank bad loans the Indian stock market has bounced back. The BSE Sensex index is up 8% since its 23 March low. Better than expected inflation numbers, buoyant industrial output data and a lower than anticipated FY18 budget deficit turnout (3.4% of GDP vs. a targeted 3.5%) have all lent a sense of comfort to investors. We are cautious. The central bank’s announcement this week easing the…</p>

Following the initial shock of the RBI’s decision to introduce an aggressive new assessment framework for bank bad loans the Indian stock market has bounced back. The BSE Sensex index is up 8% since its 23 March low. Better than expected inflation numbers, buoyant industrial output data and a lower than anticipated FY18 budget deficit turnout (3.4% of GDP vs. a targeted 3.5%) have all lent a sense of comfort to investors. We are cautious. The central bank’s announcement this week easing the…

India Outlook - Volatility Ahead