Consumption to drive Indian stocks

Julius Baer Group is expecting Indian stocks to hit a new high in the second half of the fiscal, as domestic consumption recovers.

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"The biggest theme going forward will be a revival in consumption in India," Nitin Raheja, head of discretionary equities at Julius Baer India, said in an interview. One third of his portfolio is in consumption-linked themes and he's increasing bets on retailers focused on tier-two cities and ap