JPMorgan’s James Glassman sees strong case for rally in Indian equities in the second half. Here's why

The Indian equity market will perform better in the second half on the back of ongoing monetary easing and receding US-China trade tensions, said James Glassman, senior economist at JPMorgan.

Glassman said, “I am much more constructive on India because the monetary turnaround going on and its helping. We are going to have a better second half of the year and as long as the trade tensions move to the background and the Chinese currency is dragging down the emerging market complex. If that stabilizes we are probably in better shape.”

Glassman said the outcome of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping showed flexibility from both sides. "We do not see a resolution to trade tension soon, but commentary from leaders positive," he added.