Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
The outlook is improving and that mostly reflects the fact that the new government has pledged to prioritise economic reforms.
Accommodative monetary policy has driven a bull market in stocks in recent years, but the Bank of England is expected to raise interest rates early next year and the U.S. Federal Reserve not long after, tempering future gains.
The Reserve Bank of India (RBI) is likely to keep monetary policy steady in June despite sluggish economic activity as inflation remains elevated, a Reuters poll showed on Wednesday.
Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
A moderate recovery in Indian factories, exports and investments were probably the main drivers for an increase in overall growth in the quarter through March.
A moderate recovery in Indian factories, exports and investments were probably the main drivers for an increase in overall growth in the quarter through March.