India Resilient to Global Recession, Even Iran War: TCG AMC's Shahzad Madon

• Shahzad Madon, MD & CEO at TCG AMC, states that a prolonged US-Iran conflict could lead to a global recession, but India is unlikely to be the worst affected.
• India's strong domestic demand and robust pre-war macro fundamentals provide a cushion against global crises, though it won't be completely insulated.
• Markets typically stabilize after initial volatility in prolonged conflicts; current moderated valuations and robust corporate earnings could offer upside.
• Post-war rebuilding in the Middle East could unlock significant infrastructure opportunities, with themes like energy security, defense, and capital goods.
• TCG AMC sees bottom-up opportunities in energy security, digital infrastructure, defense, industrial manufacturing, and mobility; recommends accumulating IT stocks.