Edited excerpts:
How do you see the markets behaving during 2024 elections?
Generally, in the run-up to the elections, the policies are such that multiplier effects come into the economy as you find that the government spending is quite robust. All that leads to consumption, which tends to be on the higher side. But we are coming on the back of a slightly inflationary environment, so the consumption pattern this time around is slightly different from what we have seen in the past. We are seeing a K-shaped recovery on demand.
Typically, it is the fast-moving consumer goods (FMCG) which gets impacted positively. This time, the auto sector is getting positively impacted. FMCG is still flat. The other thing is that rural India also tends to showcase the consumption story. Going forward, I think two-wheelers, rural consumption and auto consumption are expected to show growth.
Are there other big sectors to watch out for?
One of the segments that we are quite excited about is the entire energy transition to clean energy space and renewables. Data sciences, data centres, APIs, that is another very interesting area that is expected to see growth. Then, some of the PLI (production-linked incentive) efforts are leading to growth in the electronics manufacturing sector. And let us not forget the spend the government is doing towards modernising railways and defence sectors.
Denne historien er fra January 2024-utgaven av Outlook Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2024-utgaven av Outlook Business.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
From Chandni Chowk to Global Recognition
For Manish Aggarwal, director at Bikano, Bikanervala Foods, the family business was not just a responsibility but a passion he took to the global stage
Spotting AI Scams
Al has become an integral part of our lives, from customer service no insurance claims. But it is also becoming a tool for fraudsters who use it to scam individuals and corporations
Let a Hundred Flowers Bloom
On the banks of the Ganges in industrial Kanpur, a start-up has blossomed that turns waste flowers into incense
BATTERY LOW
India produces enough green energy to power many of its largest cities yet lacks the storage to use it efficiently. A nation blazing forward must leap ahead in battery technology to stay on course
We Have Everything Going for Rajasthan
Rajyavardhan Singh Rathore, Rajasthan’s industry and commerce minister, tells Pushpita Dey why the state is suited to become a hub for investments.
Dairy and Other Dilemmas
India’s refusal to open its dairy market has complicated trade negotiations for years. As global partners demand concessions, is the cost of protectionism outweighing benefits?
Riding in a Maze
As gig workers ride into an uncertain future with little more than a smartphone and a bike, the government is struggling to arrange a socialsafety net. But millions without social security is recipe for disaster
BIRLA'S BIGGEST BATTLE
As Kumar Mangalam Birla completes 30 years at the helm of the Aditya Birla Group, he has a battle to defend his businesses and conquer new ones
THE INNOVATION LEAP
India dreams of becoming a product nation. But unless the corporate sector significantly increases spending on R&D, the country will continue to lag behind global peers
EDUCATION BUDGET MUST DOUBLE EVERY 3 YEARS
Veezhinathan Kamakoti, a renowned academic and director of Indian Institute of Technology Madras, tells Deepsekhar Choudhury on what technology sovereignty means for India and how it can propel the country towards its vision of becoming a developed nation by 2047.
