Tikona Capital's Sumit Poddar believes India is at an inflection point of healthy earnings in the second half of the year. He noted that in the last 12 to 18 months, runaway inflation was apparent, amid steep interest rate rises. However, as inflation has fallen, interest rates could stabilise, and Poddar expects FY24 earnings to be better than estimated. Institutional anti-fragility has taken shape post-Covid, and India now offers a healthy, sustainable growth point amid a slowing world.
