Most of the upside will come from earnings growth: Herald Van Der Linde

"We expect a lot to go in the right direction for India. These include bad loans declining, consumption recovering, and investments rising"

The earnings growth visibility in India is the best among Asian equities, says Herald Van Der Linde, head of equity strategy, Asia Pacific, HSBC. In conversation with Samie Modak, van der Linde explains why HSBC maintains an overweight stance on India, notwithstanding concern over its expensive valuations. Edited excerpts:

How big a trigger is China’s reopening? Will it impact the equities markets in China and the rest of Asia?
 

It will impact Asian markets. In 2022, many Chinese cut back on consumption and raised their precautionary savings. These savings will perhaps be ploughed back into consumption once more, supplementing business