New Delhi, Jan 13
With food inflation having peaked out and the government trying to accelerate capex spending, the Indian economy is growing steadily and upcoming Union Budget and Donald Trump 2.0 hold key to market returns, according to a report on Monday.
Rural demand is showing a sustained recovery. The festival and wedding season has provided boost to demand for travel, jewellery, watches, quick service restaurant (QSR), footwear, apparel and durables, according to the report by PL Capital Group - Prabhudas Lilladher.
“We are already witnessing uptick in ordering momentum in Railways, Defense, Power, Data centres etc. the execution of which will accelerate growth in FY26 and beyond,” said Amnish Aggarwal, Director, Institutional Research.
“We expect a growth-oriented budget with an attempt to pump prime the economy and incentivise the middle class to increase spending,” he added.
India capex story, discretionary consumption and financialisation are some of the key themes to play for long-term gains.