Founder and Cio Saurabh Mukherjee Says that the market will get the benefit of GST deduction. In a special conversation with CNBC-Awaaz, Saurabh Mukherjee appeared on Tata Consumer to Asian Paints. Talking about the market strategy, he said that the market will get the benefit of GST deduction. There will be further decline in government capex. The government’s focus is now on increasing the consumption in the country. Further asset quality in banks may see a decline. Saurabh Mukherjee said that Tata Consumer, Asian Paints and Pidilite are included in his portfolio.
In this conversation, he said that there is pressure on asset quality in big banks. It is possible to cut rate cuts from RBI in the coming days. In the budget of 2026, there may be more focus on the company. The government’s focus will be on promoting consumption. Earning growth is expected to be better from the December quarter.
He further said that earnings growth in India is going down from 6-7 quarters. Economy’s condition is a bit critical and a 50% direct tariff of Donald Trump is also showing its impact on India. The Textile Community of Tirupur Coimbatore belt is in shock. In such a situation, there can be some relief from the government’s GST cards. GST card may be useful in dealing with Trump’s attack.
To deal with the pressure on export due to tariffs, focus will have to be made on increasing domestic consumption. Keeping this in mind, there may be a focus on measures to increase consumption in the budget of 2026. Apart from this, RBI may have to cut multiple rates later. Apart from this, there is no other option. It is only when this happens that there will be a wave of increasing consumption in the country in the next 1-2 years. The situation will take some time to improve and need to invest carefully during that time. On the contrary, instead of putting money in the small cap directly, focus only on selected quality consumption shares.
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