Top investment sectors for 2023 in India

India is on a growth trajectory that will make it the fastest growing economy for many years to come.

This growth will be based on three sectors considering the global de-growth and recession like situation.

The reason for Indian Growth story is owing to the huge domestic populace that will cushion any headwinds.

Despite IT/ITeS exports being one of the major contributor to the Indian GDP – it is going to be subdued in 2023 and possibly for mid-2024.

Owing to this, the focus shift to the top three sectors that will fund growth:

Infrastructure

With the government spending huge amount on connecting cities through road, air and waterways – companies linked to them will benefit a lot
Government Companies: NBCC
Private Companies: L&T, DBL, Ashok Buildcon, IRB, HCC, IRCON, KEC
Other Companies: DLF, NCC, Lodha, Kalpataru

FMCG

Spending for basic & discretionary needs will boost the revenues of companies catering to the space
FMCG Companies: HUL, Dabur, Marico, Emami, Colgate, Pratap Foods, Varun Beverages
QSR Players: Jubiliant Foods, Tata Coffee, Westlife Food, Sapphire Foods

Finance

As spending is set to pickup with the festival season starting from October 2023 – multiple companies are set to benefit from this
Personal Finance Linked Companies: Bajaj Finance, Poonawala Finance, HDB, Indiabulls, L&T Finance, Muthoot Finance, Cholamandalam Finance
Fintech Companies: Paytm, PB Fintech, Infibeam Avenues
Regulated Lenders: HDFC Bank, IDFC First Bank, LIC HFL, Repco Finance, etc.

Despite having said that, there are headwinds that these sectors will have to reconcile with

Despite all the possible headwinds, India has lot of things going for it that cushions the downsides.

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Hope this helps

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