India’s financial markets have been experiencing turbulence, but the positioning was already light due to selling. Rana Gupta, from Manulife Investment, suggests that the next 90 days are crucial for the market, but the long-term process of global trade and investment flows rebalancing is important. Corporates will need to work out their investment plans and supply chain relocation, creating uncertainty. For the rest of the year, growth should be lower than expected, and inflation in the US could be higher. India, along with emerging markets, will have to contend with global uncertainty. The near-term policy uncertainty is offset by policy support, and the medium to long-term picture is bright. In the short term, globally linked sectors will face headwinds, but the consumer sector could see revival due to tax cuts and rate cuts. The financials and Indian infrastructure segment are also看好。
Reference : https://economictimes.indiatimes.com/markets/expert-view/short-term-challenges-for-it-and-metals-but-consumer-and-financial-sectors-offer-upside-rana-gupta/articleshow/120756698.cms
