Downside risk limited, impact of West Asia war transient: Top fund manager
Indian Express·2h ago·Positivity
What Happened
Prashant Jain, CIO of 3P Investment Managers, states West Asia conflict will have marginal and transient impact on India. Oil imports declined from 5% of GDP in 2013 to 3% currently, reducing vulnerability. Autos, airlines, real estate, cement sectors face direct pressure. Banking may benefit from yield curve steepening. Large-cap stocks remain resilient. FIIs sold $12.7 billion in March, highest monthly outflow ever.
Key Entities
Prashant Jain3P Investment ManagersIndiaWest Asia warUS/Israel-Iran conflictNiftyOil importsFIIsBanking sectorAutosAirlinesReal estateCement