Indian households will probably shift toward liquid and safer financial assets as concerns over income losses rise, ICICI Securities said in a note to clients Indian households will probably shift toward liquid and safer financial assets as concerns over income losses rise, ICICI Securities Ltd.
said in a note to clients. “Financial intermediaries in sectors such as insurance and banks with strong brand loyalty, proven retail franchise, strong execution and clean balance sheets should benefit in current environment," analysts Vinod Karki and Siddharth Gupta wrote in the note.
About 84% of Indian households saw their incomes fall last month under the world’s strictest shelter-at-home rules, and many won’t survive much longer without