Is India’s macro story under pressure after the rupee’s sharp fall, rising bond yields and relentless FII selling? Rajeev Thakkar, CIO & Director at PPFAS Mutual Fund, believes the situation is far from alarming. In this insightful conversation, Thakkar explains why India’s long-term fundamentals remain intact despite global uncertainty, expensive energy and currency weakness. He highlights how sectors like IT, pharma, metals and GCC businesses could actually benefit from a weaker rupee. He also discusses India’s push towards domestic manufacturing, energy independence, coal gasification and defence production as structural positives for the economy. From 1991 to 2008 crises, Rajeev Thakkar says India has seen tougher times – and this phase may not be as severe as feared.
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