Indian fund managers see earnings revival, eye opportunity in consumption

Indian wealth and alternative investment managers expect the next federal budget to propose measures that will improve consumption and bolster infrastructure to revive economic growth.

Newly appointed Finance Minister Nirmala Sitharaman will present her first budget on Friday. Growth slowed to a five-year low of 5.8 per cent in the first three months of 2019, amid a liquidity crunch at non-banking financial companies. That’s put pressure on recently re elected Prime Minister Narendra Modi to deliver on a stimulus plan.

Here’s a roundup of views from fund managers on current opportunities in the market:

Nalin Moniz, chief investment officer, alternative equity, Edelweiss Asset