India has had a stellar run versus emerging markets since 2020 and the outperformance was huge. With China providing some hope, there was some rotation towards China in the early part of 2023, which proved short-lived.
The consumption trend in India has weakened after almost three to four years of fairly strong consumption boost. So, we are positive long term, but
Dhiraj Agarwal, MD of Ambit Investment Managers, notes potential for a near-term market bounce after months of decline, but warns of long-term challenges and moderate
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