These fundamentals are being driven by 4 ‘Ds’, according to the Abakkus founder, which are amplified as Democracy, Demographics, Domestic Consumption and Digital leeway.
Singhania said in the post-Covid era, the world was debating about recession and job losses, but India, on the other hand, was talking about growth.
Elaborating on the first ‘D’, Singhania said India’s biggest strength is democracy and that the election results once again proved it, “Whatever the result, everyone has accepted it and moved on”.
The second ‘D’ is demographics, where about 65% of the population still is young, which means the longevity of current growth levels can be sustained for a long time.The third ‘D’ is a domestic consumption-led economy where around 82-83% of GDP comes from domestic consumption. As more and more people become aspirational, the consumption demand is only likely to boom.”We are way behind in infrastructure, but what we lack there has been offset by our digital capabilities, where we are leading the world in terms of technology,” the market said on the fourth ‘D’Speaking at the AIF & PMS Conclave 2.0, Singhania further said equity investing is all about investing in the future.
“Invest only if you are positive about the future. If you are satisfied with reasonable returns, equities are always the option and this is where India offers a lot of opportunities,” he added.