As macro headwinds remain firm, GDP is likely to slow down. The RBI will revise the estimates with the emerging macro data, says Bagla As macro headwinds remain firm, GDP is likely to slow down. The RBI will revise the estimates with the emerging macro data, says Bagla As macro headwinds remain firm, GDP is likely to slow down. The RBI will revise the estimates with the emerging macro data, says Bagla
Investors have traded Indian markets at a premium to emerging markets as they see it as a large market that has the potential to deliver double-digit nominal growth over the next decade. We don’t see that changing quickly unless we falter big time on our growth. Investors have traded Indian markets at a premium to emerging markets as they see it as a large market that has the potential to deliver double-digit nominal growth over the next decade. We don’t see that changing quickly unless we falter big time on our growth.
We believe the risk of Covid is largely factored in by the market. Lockdown fears in China are impacting the global supply chain and deteriorating the smooth functioning of trade.
"Till now most corporate earnings are below expectations and in our view this trend may continue till September 2022. We may see some downgrades in selected sectors like IT, manufacturing and energy."
Banking financial services and consumer discretionary are the two sectors one can consider at present in our view. The BFSI sector could continue to recover well after the correction we saw in the previous quarter.