'India Inc's ROE best in the world'

Source: PTI

Last updated on: March 06, 2006 14:20 IST

Maintaining that the Indian equities remain a good asset class in the long-term, Citigroup on Monday said the return on equity of companies in India is one of the best in the world.

However, Citigroup Investment Research Report on Asian equity markets said the ROE of Asian corporates are highly dependent on their exports to the United States and may take a dip if exports do.

Among sectors in India, the company said it was bullish on sectors like banks, consumer durables, IT enabled services, telecom and utilities.

The company, however, gave a bearish view on some other sectors like two wheeler automobiles, commodities and pharmaceuticals.

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