Mumbai, December 27: Equity is expected to be neutral with moderate return expectations as growth would slow down, says a report called ‘India Outlook 2020’ by Credit Suisse Wealth Management India. As per the firm, the hopes for major reforms are likely to engage investors interest high in Indian equities. Further the report also noted that a subdued but a positive global economic growth in 2020 as well as financial market returns to be generally lower than in 2019 would be seen. “Privatisation of Public Sector Undertakings (PSUs), easing of labor laws, rationalisation of individual taxes, changes in dividend distribution and capital gain taxes could keep investors’ interest high. Given lower overall inflation (except for food), return expectation for all asset classes should be moderate,” says Analyst at Credit Suisse Wealth Management India. As per the research, the firm maintains a positive view on global equities as an asset class especially with a preference for emerging market equities.