Ravi Dharamshi, CIO of ValueQuest Investment, discusses the challenges in the Indian market. He mentions that exports and rural consumers are not performing well, and liquidity is tight from RBI’s perspective. He believes that sector-specific PLI schemes and better implementation could provide a boost. The delicate balance between growth and fiscal consolidation is being maintained. Dharamshi suggests focusing on improving divestments and increasing revenue for more spending. He also highlights the importance of energy transition, specifically transmission capex, for India’s success. Regarding the banking sector, he clarifies that the issues faced by HDFC Bank are not sector-specific.
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