Earnings growth is likely to remain resilient across market capitalisations, even if a recovery in market sentiment takes longer, says Shahzad Madon, MD and CEO of TCG Asset Management Company.
According to him, India's structural growth drivers, including defence indigenisation, the energy transition, digital infrastructure and manufacturing expansion, continue to support a multi-year investment cycle.
As a result, companies benefiting from these trends may sustain healthy earnings growth even as global uncertainty weighs on market valuations, he said in an interview with Moneycontrol.
Madon views El Niño as a serious but manageable risk, posing a greater threat to inflation and rural incomes than to the broader economy.
Do you expect foreign investors to return decisively to Indian equity markets once crude oil prices ease?