Signing of the pact will hopefully end stock market uncertainty that came with the mention of the M-name
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
