Vishal Kampani, Non-executive Vice Chairman of JM Financial, believes that the breadth of recovery in India is strong and that the country has a global position. He explains that if one relies on a part of the country or a sector, they will not see breadth grow. India is now a major part of the global economy, reflected in corporate aspirations. Kampani also discusses the expectation of a rate cut by the US Federal Reserve next year and the strength of the Indian economy. He expects a rate cut in India, but not as deep as some may anticipate. Kampani is confident that Indian Prime Minister Modi will win with a thumping majority in the upcoming state elections. He asserts that the Indian voter is not dumb but knows what is best for the country, and that Modi is the best option. Kampani predicts that when Modi returns with a thumping majority, India will experience a bull market for the next five years. He notes positive vibes and growth discussions across all sectors in corporate India. Kampani sees India as one of the most attractive markets for investors and expects top-line growth to drive India’s real growth in the next three to four years. He discusses the strength of India’s economy and the factors that make it attractive for investors. Kampani also shares insights on market valuations, mentioning that the small and midcap space may have pockets of exuberance, but largecaps are fairly valued or even undervalued. He praises HDFC Bank and ICICI Bank as two of the best options for investors. Kampani emphasizes that while markets focus on short-term earnings, revenue growth is the real driver of long-term growth, and India’s revenue growth is strong. He expects the Nifty to grow and emphasizes the importance of a longer time horizon when investing. Kampani concludes by giving a positive outlook on the future of the Indian market.