Reported 3 days ago
Indian companies are experiencing the largest earnings downgrades in Asia due to looming US tariffs, with analysts reducing forecasts amidst concerns for growth despite potential domestic tax cuts. Earnings estimates for large and mid-cap firms were cut by 1.2% recently, indicating ongoing struggles for listed companies that have seen weak earnings growth for several quarters. While the Indian economy is mostly domestic, a significant tariff increase could impact GDP growth, particularly in employment-sensitive sectors. Recent government tax reforms aim to boost consumption, yet recent surveys show a decline in India's equity market favorability.
Source: YAHOO