Emerging Markets
India Avenue Investment Management’s Mugunthan Siva comments on India’s equity performance, noting its resilience amidst global markets. India’s reliance on local demand rather than exports positions it uniquely as global tariffs fluctuate. The central bank’s rate cuts may bolster the market as inflation stays controlled.
Key export industries including pharmaceuticals and IT services face uncertainties due to US tariff considerations. While Indian pharmaceuticals benefit from temporary exemptions, the sector remains cautious, awaiting clarity.
