Auto, banks, defence, & aviation sectors to grow in NDA 3.0: Prabhudas Lilladher

According to Prabhudas Lilladher's "India Strategy" report, India's economy is poised positively with infrastructure development driving growth. The government, bolstered by recent electoral success and a lower fiscal deficit of 5.6% for FY 2023-24, plans capital expenditure focused on sectors like PLI, roads, ports, defense, and green energy, aided by a ₹2.1 trillion RBI dividend. The stock market outlook favors sectors such as auto, banks, capital goods, and pharmaceuticals, despite varied sectoral performances. NIFTY targets 25,816 in the next 12 months amid market consolidation and notable inflows. The economy shows resilience with projected 8.2% GDP growth and stable monsoons, though inflation concerns persist.