Our now-regular question pre-season, post-season and in-season.Without further ado, here’s Dr Bhaskar Das in the November 4 edition of Das ka Dum. Read on…
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Q. Given that Diwali-led Festive Season 2022 is now past us, what’s the mood on the Street? Jubilant or Despondent?
A. The general mood as I discern is of cautious optimism, experiment without profligacy, leverage the innovation/ startup culture that is dominating the India growth story, etc. There are global and local headwinds, yet India is showing positive signs of drive towards growth aspirations. I think that India can show better growth rates in the coming years as political ambitions of China are stymied by contradictions. Through the China +1 approach globally, a few countries are well-poised to craft a different growth orbit and India can be one of them. There are many indicators for that.
In others words, jubilant or despondency can be a sector-specific and company-specific affair. But directionally, India story is going to be positive.