The market veteran believes the months that follow could see a massive influx of foreign money in India dedicated funds, and “if simultaneously the broader EM basket were to see a positive turn, India could attract unprecedented foreign investment".
Although Khemka claims to be sector agnostic, structurally he tends to find more attractive investment opportunities in certain sectors like private sector financials, consumption—staples as well as discretionary, IT, and healthcare. Amid worries over a severe global recession, the market maven expects demand in the IT sector to stabilize and pick up next year. Edited excerpts:
To begin with, after strong buying by foreign institutional investors (FIIs) and domestic institutional investors (DIIs) in 2023, how do you see inflows from them in 2024?
India is experiencing a positive trend, this is despite the fact that overall emerging markets as an asset class have seen choppy flows. FII interest in India has been rising recently, and going by the number of enquiries coming in, ensuing months could see a massive influx of foreign money in India dedicated funds. If simultaneously the broader EM basket were to see a positive turn, India could attract unprecedented foreign investment. DIIs have been investing at a very robust pace in the last several years. And this is expected to continue if the market remains stable to upwards or there is no massive correction or pullbacks.
Could the election be a bump in the road for inflows?
この記事は Mint Mumbai の January 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Mint Mumbai の January 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
Subsidies for green, high-tech ships under ₹18,000 cr policy
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India
