ETMarkets Smart Talk: India is a consumption story! Discretionary consumption could do well in next 5 years: Ramkumar K

Ramkumar K, Chief Investment Officer at Reliance General Insurance, believes that discretionary consumption with strong brand appeal will perform well in the coming years as India’s per capita income grows. He mentions that the recent volatility in the markets is due to geopolitical concerns and rising crude oil prices. Ramkumar advises investors to watch out for flows, as they determine valuations in the short term. He also discusses the positive outlook for gold prices amid currency uncertainty and geopolitical concerns.