I do not see it as a very big problem for the economy. If the economy will start to grow, the leading indicator for it will be credit growth which is now going to get to about 16% which has not been the case over the last five years. So I would guess in three to five years domestic facing economy stocks be it specialty chemicals, be it pharma, be it FMCG will continue to do exceptionally well.
Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above