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India Strategy - Delicately Poised: Prabhudas Lilladher

India Strategy - Delicately Poised: Prabhudas Lilladher

<div class="paragraphs"><p>Light trails are left by passing traffic in front of commercial buildings in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)</p></div>
Light trails are left by passing traffic in front of commercial buildings in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Indian economy is delicately poised with mixed signs of post second wave recovery with strong tailwinds from-

  1. IT services with record hiring and salary hikes,

  2. expected gains from China+1 supply chain realignment in pharma, chemicals, textiles etc.

  3. rising visibility of private sector capex to kick start led by cement, steel, oil and gas, textiles, data centres etc.

  4. Production linked incentive schemes amounting to Rs 1600 billion over coming three to four years and

  5. huge government led Infra capex amounting to $1400 billion.

However, slowdown in rural demand, increase in inflation, firm crude prices, disruption in global supply chain are headwinds. Third Covid-19 wave with lower hospitalisations and less fatalities can reduce impact on economy.

Click on the attachment to read the full report:

Prabhudas Lilldher India Strategy.pdf

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