India Strategy - Covid-19 Wave To Provide Entry Opportunity: Prabhudas Lilladher
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Prabhudas Lilladher Report
Indian economic is on a firm recovery and budget has boosted the prospects due to significant capex boost, public sector undertaking divestment plan and Reserve bank of India resolve to maintain accommodative monetary policy stance.
However sharp spike in Covid-19 cases is likely to disturb growth momentum in the near term.
We believe Q1 FY22 presents challenge given expected lockdowns due to second wave of Covid-19.
We believe long terms trends in Infra, housing, IT services, pharma, chemicals, banking financial services and insurance, agri and E-commerce are intact.
E-com, electric vehicles, over-the-top, green energy, make in India and financialisation will be key market drivers in the coming decade.
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