Whalesbook
Prashant Jain, Founder and CIO of 3P Investment Managers, highlights India's strong economic momentum, expecting 6-7% growth supported by rising incomes and domestic market flows. He notes a convergence in blue-collar and software engineer wages, boosting purchasing power. Jain asserts domestic flows now dominate, making foreign selling less impactful. Despite a surge in new retail investors who may be extrapolating past high returns, he favors large-cap stocks over small/mid-caps due to supply dynamics, while expressing caution on consumer staples and telecom sectors.