India's growth is engineered and not earned: Global Brokerage Bernstein
- Bernstein analysts report that India's economic growth is artificially inflated with $20 billion in fiscal masks.
- The firm maintains its Nifty index target at 26,000, suggesting limited optimism about future growth prospects.
- India's earnings seem to be artificially engineered through Govt. subsidies and borrowed offshore dollars rather than earned through productivity gains, said the agency in its note.
Source: moneycontrol.com
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