India will definitely thrive, not only in the long-term, but also in the near-term and mid-term despite short term pain due to Trump-era tariffs,” said Vikas V Gupta, the CEO & Chief Investment Strategist at Omniscience Capital in an interview to Moneycontrol.
According to him, it is likely that the focus will be providing incentives to the impacted sectors to overcome the impact in the near term and find alternative markets in the long term. Government might announce other measures which could include encouraging BRICS/EU FDI, he said.
The only consumption theme they have in the portfolio is housing finance or private banks, he said, adding they also play consumption via some business services companies which provide B2B services to consumption-oriented companies.
Can the better-than-expected growth in Q1 provide confidence for stronger growth from Q2 onwards?
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