ROLLER COASTER. LACKLUSTRE. Tough. Resilient. Ask any top stock market analyst and that’s how they will describe the way 2022 has panned out for Indian investors. The fallout of the Russia-Ukraine conflict, geopolitical risks, wild swings in crude oil prices, a depreciating rupee, skyrocketing inflation, successive rate hikes, macroeconomic uncertainty—everything that could perhaps go wrong in a year, went wrong in 2022.
But amid this upheaval, India has relatively outperformed global peers in terms of all economic parameters, including capex spend, discretionary consumption, pickup in banking activity, etc., and this is reflected in the Indian equity markets. While in the US the Nasdaq is down by around 29 per cent and the S&P 500 by about 17 per cent year-to-date (YTD) as of November 18, both the Nifty 50 and the BSE Sensex are up by over 5 per cent. Even in the emerging markets context, the MSCI Emerging Markets index is down 22 per cent, with Chinese equities plunging nearly 15 per cent. But only select Indian investors who were smart enough to pick the right stocks, diversify beyond the index and take risks have made good returns.
So, will 2023 be a year of wealth creation?
With little clarity on the global macro environment, experts are reluctant to call a trend for India’s stock markets in the New Year. But many of them, looking at the markets from the prism of the decoupling theory—which says that different asset classes that typically rise and fall together start moving in opposite directions—believe India will outperform its peers, but are not sure about the extent, given the all-round recessionary fears.
Esta historia es de la edición December 11, 2022 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 11, 2022 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky