New Delhi:
Global brokerage firm Bernstein said on Tuesday that the slowness in India’s economy has ended and the country’s GDP will grow at a rate of 6.5 percent in the upcoming financial year (FY 26). On geopolitical risks such as the possibility of a slowdown in the US and the counter-tariff, Bernstein said that the outlook of the economy remains positive for the years to come due to India’s strategy.
Global brokerage said in his note, “Amidst global instability, if the US recession comes, India is in a good position to benefit.”
India’s development pace has always been independent of the American economy and previous experiences show that India was usually recovered before the US during the economic recession.
Nifty 50 can reach 26,500 by the end of the year
Bernstein also took a positive attitude for the Indian stock market. The target of 26,500 has been set by the end of the year for the National Stock Exchange (NSE) main index Nifty 50. However, the Global Brokerage House has also advised to be vigilant, as market fluctuations can be seen due to global instability.
Recession in America will reduce commodities prices
Bernstein said that the recession in a potential US may also reduce commodities prices, which may be beneficial for India. Brokerage firm said that commodities like crude oil, copper, aluminum and steel depend on the performance of the American economy. In such a situation, India’s import bill will decrease. This will also reduce inflation in the country.
Outlook positive about Indian economy
The Indian stock market continues to faster with many major factors, including the Reserve Bank of India (RBI) expecting interest rates, strong purchases of domestic and foreign investors and positive outlook of the Indian economy.
Apart from this, the sentiments of investors have also been positive due to stability in Indian rupees, domestic institutional investors (DIIs) and foreign institutional investors (FIIs).