India’s domestic economy continues to demonstrate resilience, with revenue and earnings growth remaining healthy despite geopolitical uncertainty, according to a report by portfolio management services venture OmniScience Capital. Even if the West Asia conflict does not end immediately, India could remain in a high-growth mode for the current and coming years if other factors remain supportive.
There is a possibility of 7%+ GDP growth in the current fiscal year, according to Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital. The markets will increasingly differentiate between companies based on their future cash flows. Undervalued businesses are expected to see their valuations improve while expensive companies could remain stagnant until their earnings catch up, as per the report.
