BNP - Mumbai Monitor: Quarterly Review: Promoting Growth While Maintaining Macro-Economic Stability

As one of the fastest growing global economies due to favourable demographics, rising per capita income, a consumption boom and rising infrastructure investment, India has become a key emerging market destination for foreign investors. 

Mumbai Monitor assesses the most pertinent factors affecting the Indian market and explores the range of investment opportunities on offer. In this issue:
- Positive real interest rates remain give scope for further rate cuts without jeopardising currency stability
- Medium term earnings growth prospects are good, although short term market corrections are possible
- India remains well placed to accommodate tighter US monetary policy
- The pharmaceuticals sector can continue to grow US market share