New Delhi, Dec 17 || Despite ongoing global uncertainties, the medium-term outlook for Indian equities remains constructive, supported by domestic growth drivers and policy support, a report said on Wednesday.
The report from HSBC Mutual Fund said that India’s growth remains resilient amidst significant global macroeconomic challenges and resilience is expected to continue due to the softening in crude oil prices and other domestic factors.
A normal monsoon, a favourable interest rate and liquidity cycle are other factors expected to drive the growth forward, the report said.
"Although, global trade related uncertainty remains a headwind to private capex in the near term, we expect India’s investment cycle to be on a medium-term uptrend supported by government investment in infrastructure and manufacturing, pickup in private investments and a recovery in real estate cycle," the report said.