We're excited about equities in current economic scenario: Rahul Singh

Consumption slowdown is a concern, although profitability margins are being protected due to softness in input prices, said Singh

It has been a turbulent week for the markets, characterised by firm crude oil prices, rising bond yields in the US, and the US Federal Reserve meeting. RAHUL SINGH, chief investment officer for equities at Tata Mutual Fund (MF), shares his insights with Puneet Wadhwa via email. He says that considering India’s growth is now expected to structurally outpace China’s, owing to the revival in the capital expenditure (capex) cycle and the growth of manufacturing in India, along with corrective measures taken in China, the valuation premium of the Indian markets is holding steady despite the associated risks. Edited excerpts: