India Strategy: Entering Virtuous Cycle Of Growth, Says Prabhudas Lilladher
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Prabhudas Lilladher Report
Indian economy seems poised on much higher growth trajectory in the coming years.
We believe long term trends are emerging in Infra, housing, IT Services, pharma, chemicals, banking financial services and insurance, agri and E-com which will create a virtuous cycle of growth.
We believe pick up in these labor intensive segments will generate employment and boost demand in the economy.
Market has become much more broad based with participation of most sectors. we believe E-com, electric vehicles, OTT, green energy, make in India and financialisation will be key market drivers in the coming decade.
We remain overweight on banks, consumer, IT, auto and pharma.
We turn equal weight on capital goods and underweight on oil and gas, metals and non-banking financial company.
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