Markets underestimating growth recovery underway in India: Jitendra Gohil

India is a solid structural investment opportunity and the markets are likely underestimating the growth recovery underway in the economy, Jitendra Gohil said

It has been difficult for the markets to sustain at higher levels, given the multiple headwinds. JITENDRA GOHIL, head of India equity research at Credit Suisse Wealth Management, tells Puneet Wadhwa in an interview that based on their analysis, the markets in India can tolerate up to 7 per cent inflation. Once it overshoots that threshold, Indian equities could see a valuation deterioration. Edited excerpts:

Do you think the markets now lack the triggers to move up in the short to medium term?

India is a solid structural investment opportunity and the markets are likely underestimating the growth recovery underway