Harshad Patil (EVP, CIO – Tata AIA Life) betting on 3 sectors for 2025

Publication: Economic Times

Date: 11 December 2024

  • Manufacturing (domestic and exports), is expected to remain strong led by government incentives and China plus one theme.
  • IT services exports, led by expected improvement in spends in US, would continue to perform.
  • Banks may see some improvement as the liquidity in the system becomes less tight post RBI CRR cut.
  • Growth is likely to revive in the second half of FY25 led by increased government spending and improvement in rural demand.
  • In the coming year we expect a strong agricultural output due to favourable monsoon conditions further boosting the rural recovery.
  • The manufacturing sector is experiencing high-capacity utilization, which is likely to spur private investments.
  • Increased public infrastructure spending is expected to sustain and drive robust investment growth.
  • The services sector, particularly in areas like technology and finance, continues to grow, contributing significantly to the overall economic output.

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