'The problem is not just slower growth, but also the quality of growth.'
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
In the December quarter, Sensex earnings had contracted 5 per cent.
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