Blitz Bureau
NEW DELHI: As the stock markets reach record high amid a surge in new investments and GDP forecast to grow at 7 per cent for FY25, the Indian economy is entering a ‘Goldilocks period’ amid ideal conditions for growth and profitability, according to an ace global expert. According to Kenneth Andrade of Old Bridge Mutual Fund, there are ideal conditions for growth in the Indian economy amid strong fundamentals across parameters.
In a report, Andrade provided a cautious yet optimistic outlook on various sectors, saying infrastructure, IT and select segments within chemicals and real estate are areas of interest. Painting a robust economic environment, the report said corporate capacity utilisation is nearing 90 per cent, a strong indicator of healthy profitability growth for the current financial year.
“Investors should align with growth businesses rather than seeking undervalued opportunities, which are scarce,” it mentioned. The Old Bridge Mutual Fund report emphasised the importance of aligning with growth businesses and being patient for opportunities to invest at attractive valuations.
