While the west is eyeing a slowdown, India is thriving with controlled inflation, reasonable interest rates & judicious spendings across households.
Look at the number of real estate deals happening at extravagant prices.
Look at the Zomato numbers, the company reported highest ever revenues & profits indicating consumption like anything.
Look at Sbi Cards numbers, the credit card spends are at all time highs & people are consuming as if we’re living in 2-3% interest rates scenarios.
Both Income Tax & GST collections are at all time highs.
The consumption across India is strong.
This will grow stronger.
And we’re about to see a rate cut coming soon too making consumption stronger.
The money is about to flow to all the businesses & listed organised players are going to be beneficiaries.
Best days are ahead for equity investors.
Disc: Needless to say, I own Zomato & Sbi Cards in my portfolio.
