Views: India is today hot destination for portfolio and FDI investors

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India is today hot destination for portfolio and FDI investors

Sadanand Shetty, CIO, Truequityadvisors 



Sadanand Shetty, CIO, Truequityadvisors 



“Political environment do not alter the direction of economy except short term volatility”, said Sadanand Shetty, CIO, Truequityadvisors in an interview with Anjali Raulgaonkar 

Excerpts:

What is your advice to the investors in the current economic situation amid expected slowdown in GDP, corporate earnings, global interest rate environment, valuations and flows in the economy and upcoming elections.

India has robust economic outlook with consensus estimate of above 20% earnings growth for FY24 and years ahead. Interest rate pressure will create an opportunity to buy stocks at attractive level. Similarly, political environment do not alter the direction of economy except short term volatility. Sustained domestic flows will neutralize any impact of FII volatility. India is today hot destination for portfolio and FDI investors.

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