JPMorgan sees positive returns for Indian equities, but expects North Asia to outperform

Rajiv Batra, Head of Asia & Co-Head of Global Emerging Markets Equity Strategy at JPMorgan, forecasts 10-11% earnings growth for India this year, with stronger growth possible in FY28 if macro conditions remain stable. JPMorgan continues to overweight North Asia while remaining neutral and selective on India, where foreign selling pressure is easing.