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India Has Potential To Become Decent Long Equity Trade: Citi India

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Aditya Narain, MD & India Equities Strategist at Citi India sees a flow risk in India and said that one must follow value and not money. “India has the potential to become a decent long equity trade,” he said. However, he remains fairly cautious on India and points out that corporate India is cutting down risk. While saying the worst is over for Indian macros and India has stabilised, he expressed concern over the slow acceleration in earnings and GDP growth.