India resilient, not immune to global shocks

India may emerge as a relative outperformer if the agreement with the US materializes Nirmal Jain Founder, IIFL Group

- Ram Sahgal

With a myriad headwinds such as global trade war, upcoming state elections and interest rate resets, market volatility could persist in the current year. But, as global funds reallocate from China to markets like India, where growth is likely to be upwards of 6.5%, chances of a deep correction are unlikely, believes Nirmal Jain, founder, IIFL Group.

Jain describes the recent bounce from a multi-month low of 21,743 as a technical recovery backed by fundamentals such as improved earnings growth and stabilizing treasury yields in the US.

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A global trade war is underway, and India is hastening to complete a bilateral trade deal by September-November. What's your view on how this will impact markets?