Consensus not confident on India’s cyclical revival for next 2 years: Jigar Mistry

India saw substantial foreign investment inflows starting in March. This was due to a weaker dollar and higher risk tolerance. Jigar Mistry of Buoyant Capital notes market sensitivity to crude oil prices. Elevated crude prices impact India’s current account and interest rates. Earnings forecasts are being cut for the first time in five years. Geopolitical tensions add to market jitters.