#BudgetOnZee: Max Life Insurance’s Mihir Vora is optimistic on India’s growth story in 2022; watch for companies, sectors benefiting from Government’s PLI schemes

In developed economies including the US and the Europe we are seeing an overheating situation because of the excessive stimulus which has given a significant push to inflation and the best of fiscal stimulus in these economies is now behind us, Mihir Vora of Max Life Insurance said. He is Senior Director and Chief Investment Officer (CIO) at Max Life Insurance tells Zee Business Managing Editor Anil Singhvi.

The time for emerging markets including India has come now and we could see a faster economic recovery now, he opined. He was speaking on the Indian market outlook in 2022 in yet another edition of #BudgetonZee.

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The domestic sectors are expected to do well and the emphasis is now on them, he further said.

He said that domestic savings, flows and Foreign Direct Investment (FDI) are quite robust and even if there is a situation of slightly lower Foreign Institutional Investors (FIIs) participation going forward, we are still comfortable, he added.

The global investors are also bullish on the India story.

The recent outflow of FIIs could be because of outperformance in the domestic markets which have led to a rebalancing act from the foreign investors, Vora said. But, structurally, the position does not appear weak.

In the Global versus Local outlook, the preference for local will be higher. He was bullish on the real estate sector and cited cyclical upturn to be a prime reason for its current turnaround. He said that the focus will be on real estate and private expenditure linked sectors. Banking and financial sectors are a mirror of the economy and if the latter does well, the former will do well, he opined.

Auto, infra and capital goods segment are also sectors to look out for, he said, suggesting the themes for this year.

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सरकार की PLI स्कीम पर फोकस करने वाली कंपनियों पर नजर रखे, इस साल भारत की ग्रोथ बेहतर रहने की उम्मीद : मिहिर वोरा सीनियर डायरेक्टर & CIO मैक्स लाइफ इंश्योरेंस

बजट तक कैसी रहेगी बाजार की चाल जानिए खास बातचीत में..#BudgetOnZee @MaxLifeIns pic.twitter.com/88b3K552Tt

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He also said that those companies and sectors will gain where the government has introduced Production Linked Incentive (PLI) schemes.