Harish Krishnan discusses the gradual shift towards financialisation of savings in India, emphasizing the potential of equities to outperform traditional assets over time. The trend is expected to continue as more households embrace equity investments.
"Opportunities in the sense that there is a vacuum which is being created in the world order and there is a place that India can grab in it and threat in the sense that when so much of uncertainty is there, there is always a chance of accidents, whether it is on geopolitical front or it is on economical front," says Kaustubh Gupta.
Mahesh Patil, CIO of ABSL AMC, discusses the growth potential of Bharat, the strong performance of Corporate India, the impact of the US economy, India s macroeconomic stability, and the future outlook for market returns. While markets might consolidate a bit in the near term because of the huge outperformance, you will still make the long-term returns the markets have given.
Harish Krishnan of ABSL AMC believes the Indian market is not in a bubble or trouble, citing increased earnings and market caps. He discusses the interplay of earnings, liquidity, and sentiment, highlighting the cyclical tailwinds and potential for liquidity growth. He says: "We have to be mindful and the only solution is asset allocation to have a longer patience rather than expecting fireworks every six months."
The finance minister s brevity in the announcement reflects the clarity in India s vision statement going forward. The confidence in the finance minister is backed by the success of government programmes, rising per capita income, and emphasis on infrastructure investment. The PSU sector will benefit from the efficiency of public sector companies, their business potential, re-rating, investments in ROI and technology, and their support to the government. The divestment target of Rs 50,000 crore indicates further opportunities for the PSU space.