Manish Sonthalia of Emkay Investment Managers highlights the impact of macroeconomic changes on India’s market, particularly regarding de-dollarisation and fiscal policies. He notes the benefits for discretionary spending and consumption stocks due to income tax savings and potential growth in government salaries. Additionally, he emphasizes valuation concerns in capex stocks despite government initiatives. Manish Sonthalia of Emkay Investment Managers highlights the impact of macroeconomic changes on India’s market, particularly regarding de-dollarisation and fiscal policies. He notes the benefits for discretionary spending and consumption stocks due to income tax savings and potential growth in government salaries. Additionally, he emphasizes valuation concerns in capex stocks despite government initiatives. Economic Times
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