India's Growth Story Intact, Less Tied to Global Swings: Axis Capital

• Axis Capital states India's growth and market narrative are largely insulated from global volatility, driven by a domestic capital "flywheel."
• Atul Mehra, MD & CEO of Axis Capital, emphasizes India's decoupling from global swings due to its large total addressable market and unique investor situation.
• The domestic "flywheel" comprises high saving rates, entrepreneurial spirit, vast addressable market, and top-notch corporate governance, attracting significant investments.
• Mehra clarifies that FII selling in secondary markets doesn't reflect their participation in IPOs, where they commit capital for good valuations and companies.
• Neelkanth Mishra, Head of Global Research at Axis Capital, notes that global investors await clear evidence of earnings recovery before fully committing.