Tailwinds under-appreciated, India can absorb global shocks and grow: DBS Bank group chief economist Taimur Baig
AI Summary
Retail investors should take note of the resilience shown by the Indian economy amidst global challenges, as highlighted by DBS Bank's chief economist. The ability of India to maintain strong domestic demand and growth, even in the face of rising inflation and external shocks, suggests potential opportunities in sectors like consumer goods and exports. However, the anticipated rise in borrowing costs could impact companies' profitability, making it crucial for investors to assess the financial health of firms they are considering for investment.
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New Delhi: Despite the current geopolitical conflicts, it’s not all gloom and doom for the global and Indian economies, DBS Bank managing director and group chief economist Taimur Baig said.
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