Deutsche Bank sees India stocks beating S&P 500

Bloomberg

Stocks in India are likely to outperform US peers in the coming quarters, boosted by better economic prospects and stellar earnings growth, according to Deutsche Bank AG.
“Indian macros are firing on all cylinders,” Mayank Khemka, chief investment officer for India at the bank, said in an interview, pointing to economic data ranging from power and fuel demand to auto sales. “When all of this is happening, it has to reflect in corporate performance. From here, the expectations of market returns should be in line with earnings growth, which is likely to be in double digits.”
In comparison, the S&P 500 Index in US should see some downgrades, said Khemka, who oversees assets worth $2 billion across equities, fixed income and asset-allocation products.