Now that major geopolitical events like the US-Iran peace deal are over, what factors will move the market?
To understand where the market is going, it is essential to look at where it has been. India has experienced a very difficult couple of years, with growth slowing significantly. Last year’s nominal GDP growth fell below 9%, landing in the 8% range, which represents a more than 20-year low for the country, outside of the covid-19 period. While an 8% nominal growth rate would be highly celebrated in places like the US or Europe, it marks a significant slowdown for India. This deceleration is particularly critical to monitor because, from the perspective of foreign global investors, India is not a cheap market.
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