Indian economy likely to navigate rough global weather in 2023
Windmill Capital, a research analyst company, said that Indian stock markets will continue to exhibit resilience in 2023 continuing the trend from 2022, with manufacturing, electric mobility, infrastructure, and defence as themes doing well.
According to Windmill Capital, the reasons for the positive performance of the Indian markets are: the Indian government’s proactive policymaking; a pragmatic monetary policy; business resilience.
This is despite concerns around global slowdown and a possible recession in the West due to the unwinding of monetary policy by major global central banks, Windmill Capital added.
As to the challenges in the current year to global economic and equity growth, escalation of geo-political tensions between Russia-Ukraine, China-Taiwan, and a fresh spike in prices of crude oil, the company said.
In 2022, compared to most global markets, the Indian markets have managed to be in the positive terrain with gains of 3.02 percent.
[With Inputs from IANS]
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