When it comes to inflation people i keep bigger lens not just thinking that these are temporary blips
Let me tell you my thoughts
Increasing interest rates will have an increased pressure on corporate debt structure which then will have effect on the industry then it hits the economy…
Coming to India is a service oriented country and the top contributors are IT and PHARMA. These two industry have a strong base in US…
In general company who are having bad corporate debt structure will not survive long than the ones who don’t have debt… and there will be severe competition among those who wants to gain the market share with low cost production… this gives more opportunity for us at global cues to do more export and gain market share…
So I prefer to stay with domestic based companies with strong export…
Now there might a little to no correction : I don’t know but I anticipate FII will be cautious when it comes to elections, year end closure, fed hikes etc etc…
I don’t know… I withdrew funds due personal emergency as I needed for hospital….
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