‘Consumer sentiment seems generally positive’
Live MintThe recent market correction has meant a reduction in the price-earnings premium of India over other emerging markets from around 20% levels to ~13-14%. The near- term trend of greater investor flows towards developed markets will keep the India premium in check, believes Suresh Soni, CEO, Baroda BNP Paribas MF. New-age companies focusing on domestic sectors such as pharmaceuticals, EMS, and renewable energy are indeed positioned well in the current uncertain global market environment. New-age companies focusing on domestic sectors such as pharmaceuticals, electronic manufacturing services, and renewable energy are indeed positioned well in the current uncertain global market environment. Rising domestic demand, supportive government initiative, focus on self-reliance, shift in global supply chains and increased outsourcing are among the many factors which can drive growth for the new-age companies.
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