Any big market correction unlikely; large pool of foreign money waiting on sidelines: Mahesh Nandurkar
«The absolute numbers are good. The relative positioning is looking even better with 6.5-7% GDP growth outlook, 12% to 14% corporate EPS growth outlook and that too over a long period of time. So, investors, have really kind of shown a lot of interest, which kind of shows in the numbers that we have been able to pull,» says Mahesh Nandurkar, Jefferies.
What is the big understanding of how things are shaping up for the economy and for India Inc? Based on your interactions, both on the record, off the record, inside the conference room, outside the conference room, how is the growth and the earnings picture stacked up?
Mahesh Nandurkar: So, I believe that the economic outlook for India is definitely fantastic and the reason why we have that confidence and continue to get that confidence reinforced is when you look at the investment activities in the economy, the fixed capital formation is rising, and it is always investments driven growth is more sustainable, investors like it, it broad bases the market, creates more options and opportunities.
And also, in the context of what is happening globally where we are seeing growth in China being quite weak, the US is slowing down, and there is some probability now that is getting assigned to the US recession as well and that is why the Fed is cutting and so on. So, in all that context, the relative position of India is looking even better.
The absolute numbers are good. The relative positioning is looking even better with 6.5-7% GDP growth outlook, 12% to 14% corporate EPS
