Despite global uncertainty, India’s economy shows resilience. Rahul Bajoria notes strong domestic indicators like good monsoons and improvements in FMCG. Tariff impacts are expected by late September, affecting capital spending. Labor-intensive sectors may improve, while capital-intensive sectors may remain weak. Low inflation could boost discretionary spending. Steel and cement are performing well, but refining lags.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets