ARE WE SLOWING DOWN?
Recently, the Indian economy has experienced a significant downturn as a result of various factors such as foreign institutional investors selling off stocks, underwhelming quarterly financial results, a strong US dollar, the outcome of the US election, and geopolitical events. This decline has been the most severe in the past 2-3 years and there is considerable uncertainty surrounding its future performance given these challenging circumstances. However, I am confident that our market is fundamentally resilient and not facing any major threats. While earnings were lower in the second quarter compared to previous ones, I anticipate a stronger showing in the remaining two quarters of FY 25. The impact of capital expenditures will be reflected in manufacturing in the upcoming quarters. Other industries such as retail, hotels, airlines, textiles, electronics, and consumer durables are also expected to see improvement due to a busy wedding season in quarter 3. Additionally, with a re...