India’s earnings growth to be one of the strongest in Asia, upbeat on IT, banks: HSBC

India’s economic growth, which is one of the strongest in Asia, is expected to continue next year, according to James Cheo, CIO for Southeast Asia, Global Private Banking and Wealth at HSBC. This is due to a rebound in consumer demand, a healthier banking sector, and improved earnings outlook, particularly in the banking and IT sectors. Cheo also predicts that digitalisation will continue to bolster spending in the informal economy, and the weaker USD trend will keep the rupee stable, making Indian local currency (LC) government bonds more attractive.