Share market outlook 2023: India remains a buy on dips market
Live MintAs we enter 2023, let us dwell on some macro positives for India. We are seeing higher infra, railway, road and defence spend by government; real estate sector revival is seen going by the housing sales figures that have crossed the pre-pandemic levels; PLI-driven investments have just begun; EVs and renewables are seeing continued thrust and investments; plus, supply chains are being consciously decoupled as national security concerns outdo economic efficiency. On the other hand, worries for India include core inflation remains entrenched at 6% YoY with most items witnessing no let-up in momentum. Read all market-related stories here A deep and broad US recession leading to slowing earnings and a consequent rise in the USD could also pressure the BoP ; a resurgence in oil and fertilizer prices due to supply outages could cause elevated inflation and higher rates. This view could change if we see economic growth accelerating and interest rates peaking soon across the globe and also in India.