Economy on the Rise: Neelkanth Mishra Sees Broad-Based Recovery

• Neelkanth Mishra, Head of Global Research at Axis Capital, observes strong signs of economic recovery, particularly since late December.
• Early indicators included improved corporate credit demand, with recovery now appearing broad-based across sectors.
• Investor concerns about IT stocks stem from long-term uncertainty and a price-to-earnings multiple de-rating, not just near-term performance.
• Axis Capital's annual investor conference saw strong turnout, especially from overseas investors, indicating deeper interest in Indian opportunities.
• Banking and manufacturing sectors are attracting significant investor interest, with banking benefiting from improved credit growth and economic upturn.