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Expect India to deliver 15-18% returns in 3-4 yrs: JPMorgan

At a time when volatility-hit street is hinting at jettisoning equities in favour of fixed income, JP Morgan believes equities will beat all other asset classes in 3-5 years.

At a time when volatility-hit street is hinting at jettisoning equities in favour of fixed income, JP Morgan believes equities will beat all other asset classes in 3-5 years.

In an animated discussion on CNBC-TV18 JP Morgan experts — Chief India Economist Sajid Chinoy, Head Of Currency Research, Brijen Puri and Head of Equity Research Bharat Iyer —  point out factors that are aiding India amid global volatility.

Chinoy suggested that collapsing commodity will keep emerging market wobbly but is good for global growth on the whole. India specifically will be a beneficiary.

Speaking of possibilities in Indian equities, Bharat Iyer said 2015 will be a year of consolidation but one can expect returns of 15-18 percent over next 3-4 years. He is constructive on IT  and Healthcare.

On Fed rate hike, Brijen Puri said a rate hike is imminent. He said Fed will raise rates by December, if not September.

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