At the ET Alpha Wealth Summit in Mumbai, Saurabh Mukherjea, Founder & Chief Investment Officer, Marcellus, delivered one of the most provocative takes of the evening. While others spoke of Amritkaal and AI-Kaal, he introduced a third term: Sankat Kaal. Not to alarm, but to illuminate. Because in his view, understanding the disruption is the only way to find the opportunity inside it.
India's economic pivot has arrived, and manufacturing exporters, not consumer-centric darlings, will drive the next wave of EPS growth. The era of 100 PE consumer stocks is fading; five years from now, it will be well-run goods exporters who command the spotlight. Every major free market economy reinvents itself every 30 years — America did it, China did it, and India's turn is now.
