Should You Bank on Banking & Financial Services Funds as India Walks the Path to Recovery?
The post-lockdown recovery seems to have taken an interesting turn. India’s GDP growth has returned to the positive, India’s Manufacturing Purchasing Manager’s Index (PMI) data for February is well-placed at 57.5 (backed by new orders and rise in production), and so is the Services PMI at 55.3 on improved demand and favourable market conditions. In…