Fed's statements are comforting for financial markets: Manulife’s Rana Gupta

According to Gupta, India features high in the pecking order among emerging markets. He also said that digitisation, as a theme, is playing out well in India and other EMs.

“India features pretty high in the pecking order. Before talking about India, the emerging markets – when the economic growth is strong, the global trade picks up, emerging markets usually do well and this time around we think the same is likely to play out and within emerging markets, the pecking order of India is quite high and India is in a good position," said Gupta.

“There are certain specific themes that are going on in India which also go well with emerging market themes. So those will get or at least we expect them to get more traction. For example, digitisation is a theme across emerging markets and also becoming a theme in India. However, do not just think about internet companies when I talk about digitisation; many companies across the sector, whether they are in autos, banks, hospitals, pharmacies, are using digitisation for productivity improvement. Manufacturing is also a theme playing out well in India,” he said.

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