India to see fastest USD nominal growth in 2015, says Credit Suisse

"India's economy will see the fastest USD nominal growth in the world in 2015", said Credit Suisse, Swtzerland-based multinational financial services company.

The financial services major added- "Given the growth outlook, equity market is not expensive in both absolute and relative terms".

"Indian market is likely to see strongest earnings growth among Asian peers, and even globally", the bank said.

List of top buys in 2015 include Gujarat Pipavav Ports, Havells India, HCL Technologies, HDFC Bank, Kajaria Ceramics, Maruti Suzuki India and Sun Pharmaceutical Industries.

Stocks which will be least preferred in 2015 consist of Bharti Airtel, Bharat Heavy Electricals, State Bank of India and Tata Steel.

(Reuters)