Shiv Chanani, of Baroda BNP Paribas Mutual Fund, believes the IT sector is at a pivotal point, with expectations for a demand rebound in CY25 as current concerns begin to fade.
He suggests that a decline in the US Federal funds rate could boost both the consumption and financial segments.
Chanani, a CFA charterholder with 24 years of asset management experience, also holds a positive outlook on the consumption theme, both in the short and long term. In the near term, he anticipates that a normal monsoon and the resulting increase in farm income will serve as a catalyst for demand growth
What is your take on the US FOMC meet outcome? Do you expect the series of rate cuts from the central bank?
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