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Enough reasons to be positive about 2016; like NBFCs: HSBC

Going ahead, Tushar Pradhan, CIO, HSBC Global Asset Management (India) feels NBFCs are well positioned to benefit from economic growth and sees enough value across the sector. He also says the 7th pay commission will be positive for the auto sector

The year 2015 was a disappointment because of weak macroeconomic situation, coupled with delays in the reform process and uncertainty in global markets, says Tushar Pradhan, CIO, HSBC Global Asset Management (India). 

However, he believes there are enough reasons to be optimistic about 2016.

Going ahead, Pradhan feels NBFCs are well positioned to benefit from economic growth and sees enough value across the sector. He also says the 7th pay commission will be positive for the auto sector. He also sees urban consumption picking up.

More to follow…

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