An Analytical Report prepared by, Pankaj Singhania, Founder – Lakewater Advisors a widely respected and top performing Sebi Registered Portfolio Management Services (PMS) entity on “Will India be able to combat Corona Wave?” analyses the impact of the outbreak in the Indian economy, Opportunity Ahead, EIU Projection, Industries to be Benefitted, Resistance of Indian Economy. The summary note states that the near-term damage shall be significant. There is a downward shift in Digital Payments in March since Feb 2020. This is expected to fall further by ~20% in April. Due to the EMI moratorium, credit cost is expected to be elevated in FY21 Discretionary expenses shall be deferred, which shall impact other fintech offerings.
Lakewater is positive on long term bet in Indian economy. Since, we are comparatively less dependent on exports; our exposure shock in context to world trade shall be less. Low price of crude oil shall also cover us from external shock. Overall, we are expecting that PE investments shall remain strong and shall have V shaped recovery soon post this Corona pandemic.
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