India a level-headed country, next few decades belong to India: Abhishek Banerjee

economictimes.indiatimes.com:

In an exclusive episode of ETMarkets World View, Abhishek Banerjee ofLotusDew Wealth opens up about Indian sectors with potential, the RBI governor's stance on GDP growth, and much more.
Recently, India recorded a current account surplus of $5.7 billion. What does it say? India was also included in the JPMorgan bond index recently. What key changes should we be aware of?
Abhishek Banerjee: India's current account surplus is noteworthy because historically, India has been a current account deficit country, importing more than exporting. This deficit typically keeps the currency weaker to make exports more attractive and imports more expensive, which supports export-driven sectors like pharma and IT services.

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However, the current surplus indicates a shift where India is producing more of what the world needs and importing less. Typically, a surplus should strengthen the INR. While a stronger INR might seem positive, it could hurt export competitiveness, as a weaker INR is generally better for export-driven growth.

With India's inclusion in the JPMorgan Global Bond Index, substantial foreign investment is expected. This inclusion, with a 10% allocation, could bring around $1.150 billion into India. The government aims to maintain a stable rupee to attract these foreign