Nimesh Shah of ICICI Pru AMC: India a Stable Island Amid Global Uncertainty
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India a Stable Island in Uncertain World: Nimesh Shah, ICICI Pru AMC
M
Moneycontrol•09-03-2026, 08:43
India a Stable Island in Uncertain World: Nimesh Shah, ICICI Pru AMC
•Nimesh Shah, MD of ICICI Prudential AMC, states India remains stable despite global uncertainties like geopolitical tensions and rising Western interest rates.
•Strong economic fundamentals, controlled fiscal deficits, healthy bank balance sheets, and low corporate leverage contribute to India's stability.
•Domestic demand-driven economy provides insulation from global shocks, with manufacturing exports having limited direct impact.
•Indian equity valuations are now closer to historical averages due to corporate earnings growth while markets remained flat.
•Growing domestic investor participation, with SIP inflows exceeding Rs 30,000 crore, strengthens DIIs to absorb FII exits.
