Kotak Mahindra AMC's Nilesh Shah: War's Impact on India's Growth Marginal, Oil Prices Key Risk

• Nilesh Shah, MD of Kotak Mahindra AMC, states that the war will have only a marginal impact on India's growth rate if it persists.
• Rising crude oil prices above $100 a barrel are identified as the biggest risk to India's macroeconomic calculations.
• Markets tend to bottom out with the first signs of a war ending; investors are advised to return to basics during volatile times.
• Shah highlights AI's impact on India's IT sector and employment as a more significant long-term factor than the Middle East crisis.
• The rupee is expected to depreciate due to higher deficit, inflation, and FPI outflows; RBI should manage volatility, not defend a specific level.