India Will Emerge As A Relative Value Post-Fed Hike: BofAML

As the continuing U.S. recovery is likely to revive export demand, India will emerge as a relative value, although markets may initially sell EMs before the first Fed rate hike, notes BofAML. Indranil Sen Gupta and team at Bank of America Merrill Lynch in their May 20, 2015 India Economic Weekly report titled: “Year II: What to expect?” anticipates the GST Bill will be passed, although implementation may take until April 2017. India relative value The BofAML analysts they continue to believe India will emerge as relative value, although markets may initially pound EMs around first Fed rate hike. Offering…