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India medium-term outlook strong; see near-term pause: JPM

After the kind of run-up Indian equities have seen in the past several months, one shouldn’t be surprised they have going into a sort of consolidation, believes JPMorgan global head of research Joyce Chang.

After the kind of run-up Indian equities have seen in the past several months, one shouldn’t be surprised they have going into a sort of consolidation, believes JPMorgan global head of research Joyce Chang.

Speaking to CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Joyce said that even as she preferred developed markets over emerging markets – “simply because we taken down the EM growth forecast in so many countries,” – investors would focus on India’s medium-term growth story.

On her stock preference, Joyce said JPM had a mix of both defensives as well as cyclicals.
Transcript to follow.

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