'Better valuations, oil price fall will make Indian equities attractive'

Dan Fineman, co-head of Asia Pacific, Securities Research, Credit Suisse, says the brokerage would like to upgrade India if an opportunity arises

Credit Suisse on Thursday said that Indian equities will look attractive if oil prices soften or valuations moderate further.

Earlier this month, Credit Suisse cut India's ratings while increasing its weightage for China.

Speaking at Credit Suisse's Asia Investment Conference, Dan Fineman, co-head of Asia Pacific, Securities Research, Credit Suisse, said the brokerage would like to upgrade India if an opportunity arises.

He said the credit and property cycles are nicely positioned.

India has been in a pronounced property downturn much of the past decade. The banking credit cycle bottomed around 2018 after bad loans started blowing up a decade