From a three-year perspective, this can really be a great opportunity to invest because what we firmly believe is that earnings growth will come back.Foreign investors still like India from a long-term perspective. We expect that the reported earnings growth can be materially good. For FY19 also, we are expecting 20% plus earnings growth.The corporate earnings to GDP ratio is quite low and that is likely to get back to a more reasonable level. We will not be surprised if we continue to see 15-20% kind of an earnings growth on a sustained basis.There has been disappointment versus earnings expectations for almost five years. The fiscal push by the US government makes us concerned on inflation Domestically also, there has been somewhat of a negative from a macro perspective.

Source: Economic Times April 02, 2018 03:00 UTC