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India emerges as Trump-proof safe haven as emerging markets rebound
India emerges as Trump-proof safe haven as emerging markets rebound

Economic Times

time23-04-2025

  • Business
  • Economic Times

India emerges as Trump-proof safe haven as emerging markets rebound

India's domestic focus shields it from global trade uncertainty Live Events Manufacturing growth signals confidence Sector focus: Banks, Consumption, and Healthcare stand out India's valuation reset sparks renewed interest (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India is emerging as a relatively Trump-proof haven amid the broader rebound in emerging market sentiment. According to Herald Van Der Linde, HSBC's Head of Asia Pacific Equity Strategy, the country's strong domestic focus and more attractive valuations are rekindling investor market investor sentiment improved on Wednesday as Asian equities rose and regional currencies softened against a firmer U.S. dollar, following remarks from U.S. President Donald Trump that eased concerns over Federal Reserve independence and future China to Van Der Linde, interest in emerging markets had begun to revive even before the latest geopolitical developments. 'The growth outlook was starting to get better... particularly in China and some others, while India was a bit of an outlier,' he said in an interview with ET Now. However, with tariffs and policy uncertainty reshaping the global investment landscape, markets with strong domestic drivers are gaining Der Linde explained that India's relatively insulated position in the current geopolitical environment makes it a more attractive investment destination. "If you are a market that is largely domestically oriented, not so much exposed to trade, and... where valuations look more reasonable than a year ago, these start to look interesting," he said. Unlike other Asian economies such as South Korea, Taiwan, and Japan, which are heavily reliant on exports to the U.S., India's economy is driven more by domestic consumption and global growth slowing down due to trade tensions, India's economy remains structurally sound. "Growth is slowing, but still the feeling is that structurally growth in India over the next couple of years should be okay,' Van Der Linde said. 'Earnings growth somewhere between 10% to 15%... in the current kind of global environment that does not look too bad.' This outlook is significantly more favourable than that for export-dependent markets, where the impact of tariffs has been more strong domestic story is further supported by robust economic data. The country's private sector showed robust growth in April, driven by strong demand, particularly from international markets, which further underscores the nation's domestic resilience. The HSBC flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.0 in April, up from 59.5 in March. This marked the strongest pace of combined manufacturing and services growth since August, Reuters growth played a central role in the strong performance, with the index rising to 58.4 from 58.1, reaching its highest level in a year. Meanwhile, the services PMI index also showed positive momentum, climbing to a four-month high of 59.1 from 58.5 in March. The growth outlook for India continues to be positive, with strong demand from both domestic and international markets, Van Der Linde to sectors of interest within India, Van Der Linde highlighted that large liquid sectors with reasonable valuations are attracting foreign investor attention. 'The sectors that we talk about with mostly foreign investors are to a large extent large liquid sectors where valuations are reasonable,' he said. Specifically, private banks, as well as sectors with growth stories insulated from macroeconomic swings, are particularly appealing.'Think about, for example, rising consumption or demand for medical and healthcare in India, such as hospitals,' Van Der Linde said. The shift toward consumption-driven growth is one of the key factors that differentiate India from other emerging markets where export-driven sectors read | Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? HSBC's cautious stance on India in the past year has shifted, with Van Der Linde noting that market conditions now look more balanced. "Valuations are lower, and the realisation that earnings growth is not going to be as fantastic as it was over the last couple of years is now well priced into the market," he said. With some policy support potentially on the horizon, India's equity market looks increasingly attractive to investors seeking stability amidst global Van Der Linde emphasised that the broader market environment remains volatile. The uncertainty stemming from U.S. trade policies and other global factors continues to create challenges for businesses trying to make investment decisions. "It's that uncertainty to investments primarily by firms that is really leading to a sort of dislocation in markets," he noted.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

India emerges as Trump-proof safe haven as emerging markets rebound
India emerges as Trump-proof safe haven as emerging markets rebound

Time of India

time23-04-2025

  • Business
  • Time of India

India emerges as Trump-proof safe haven as emerging markets rebound

India is emerging as a resilient haven amid a rebound in emerging market sentiment, driven by its domestic-focused economy and more attractive valuations. HSBC's Herald Van Der Linde highlights India's insulation from global trade tensions and steady earnings growth as key factors drawing investor interest, especially in sectors like banking, consumption, and healthcare, despite ongoing global uncertainties. Tired of too many ads? Remove Ads India's domestic focus shields it from global trade uncertainty Tired of too many ads? Remove Ads Manufacturing growth signals confidence Sector focus: Banks, Consumption, and Healthcare stand out India's valuation reset sparks renewed interest Tired of too many ads? Remove Ads India is emerging as a relatively Trump-proof haven amid the broader rebound in emerging market sentiment. According to Herald Van Der Linde, HSBC's Head of Asia Pacific Equity Strategy, the country's strong domestic focus and more attractive valuations are rekindling investor market investor sentiment improved on Wednesday as Asian equities rose and regional currencies softened against a firmer U.S. dollar, following remarks from U.S. President Donald Trump that eased concerns over Federal Reserve independence and future China to Van Der Linde, interest in emerging markets had begun to revive even before the latest geopolitical developments. 'The growth outlook was starting to get better... particularly in China and some others, while India was a bit of an outlier,' he said in an interview with ET Now. However, with tariffs and policy uncertainty reshaping the global investment landscape, markets with strong domestic drivers are gaining Der Linde explained that India's relatively insulated position in the current geopolitical environment makes it a more attractive investment destination. "If you are a market that is largely domestically oriented, not so much exposed to trade, and... where valuations look more reasonable than a year ago, these start to look interesting," he said. Unlike other Asian economies such as South Korea, Taiwan, and Japan, which are heavily reliant on exports to the U.S., India's economy is driven more by domestic consumption and global growth slowing down due to trade tensions, India's economy remains structurally sound. "Growth is slowing, but still the feeling is that structurally growth in India over the next couple of years should be okay,' Van Der Linde said. 'Earnings growth somewhere between 10% to 15%... in the current kind of global environment that does not look too bad.' This outlook is significantly more favourable than that for export-dependent markets, where the impact of tariffs has been more strong domestic story is further supported by robust economic data. The country's private sector showed robust growth in April, driven by strong demand, particularly from international markets, which further underscores the nation's domestic resilience. The HSBC flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.0 in April, up from 59.5 in March. This marked the strongest pace of combined manufacturing and services growth since August, Reuters growth played a central role in the strong performance, with the index rising to 58.4 from 58.1, reaching its highest level in a year. Meanwhile, the services PMI index also showed positive momentum, climbing to a four-month high of 59.1 from 58.5 in March. The growth outlook for India continues to be positive, with strong demand from both domestic and international markets, Van Der Linde to sectors of interest within India, Van Der Linde highlighted that large liquid sectors with reasonable valuations are attracting foreign investor attention. 'The sectors that we talk about with mostly foreign investors are to a large extent large liquid sectors where valuations are reasonable,' he said. Specifically, private banks, as well as sectors with growth stories insulated from macroeconomic swings, are particularly appealing.'Think about, for example, rising consumption or demand for medical and healthcare in India, such as hospitals,' Van Der Linde said. The shift toward consumption-driven growth is one of the key factors that differentiate India from other emerging markets where export-driven sectors read | Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? HSBC's cautious stance on India in the past year has shifted, with Van Der Linde noting that market conditions now look more balanced. "Valuations are lower, and the realisation that earnings growth is not going to be as fantastic as it was over the last couple of years is now well priced into the market," he said. With some policy support potentially on the horizon, India's equity market looks increasingly attractive to investors seeking stability amidst global Van Der Linde emphasised that the broader market environment remains volatile. The uncertainty stemming from U.S. trade policies and other global factors continues to create challenges for businesses trying to make investment decisions. "It's that uncertainty to investments primarily by firms that is really leading to a sort of dislocation in markets," he noted.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

10 best discounted Game Deals in the Xbox Spring Sale 2025
10 best discounted Game Deals in the Xbox Spring Sale 2025

Time of India

time22-04-2025

  • Entertainment
  • Time of India

10 best discounted Game Deals in the Xbox Spring Sale 2025

Xbox Spring Sale 2025 is in full action. A massive sale of more than 1000 games runs across Xbox One, Xbox Series X|S, and even Xbox 360. This is undoubtedly one of those times of the year you want to bulk up your game library and stay "low budget" because a variety covers your finest RPGs, narrative-laden shooters, or even cult indie titles. Tired of too many ads? go ad free now But with many titles, how do you even begin? We have sifted through the huge catalog and have handpicked out 10 of what are rather good deals in value, praiseworthy, and lots of hours of gameplay. Whether you want to spend small or go big on your AAA masterpiece, these deals will help you out. Top 10 Xbox Spring sale picks (2025) 1. Baldur's Gate 3 Platform : Xbox Series X|S : Xbox Series X|S Deal : $55.99 (20% off) : $55.99 (20% off) Why it's good: This epic fantasy game has choice-based storytelling and tactical battle. Though not a huge discount, this is a rare drop for a potential GOTY that rarely sees price reductions. MASSIVE XBOX Spring Store Sale | 25 Must Have Games! (Part 1) 2. Banishers: Ghosts of New Eden Platform : Xbox Series X|S : Xbox Series X|S Deal : $29.99 (50% off) : $29.99 (50% off) Why it's good: The makers of Life is Strange deliver a haunting lore with emotional stakes in this action-RPG. It gloriously complements those asking for something heavier in story and narrative. 3. Hogwarts Legacy (Digital Deluxe Edition) Platform : Xbox Series X|S : Xbox Series X|S Deal : $18.74 (75% off) : $18.74 (75% off) Why it's good: The highest discount on a major release! Don't miss the opportunity to delve into the world of magic. 4. Red Dead Redemption 2 Platform : Xbox One / Series X|S (via backward compatibility) : Xbox One / Series X|S (via backward compatibility) Deal : Heavily discounted (price varies by region) : Heavily discounted (price varies by region) Why it's good: Rockstar's storytelling masterclass. If you haven't done so yet, it's time to rise to the challenge of the Wild West with Arthur Morgan and the Van Der Linde gang at your side. Budget friendly picks under $15 For those who want maximum use for minimal bucks, these titles deliver hours of top-tier gaming at low prices. 5. South Park: Snow Day! Deal : $16.49 (45% off) : $16.49 (45% off) Why it's good: Wacky, irreverent, and packed with laughs. A must-have for fans of the animated series. 6. Mafia: Trilogy Deal : $14.99 : $14.99 Why it's good: Experience the complete saga of the Mafia franchise. Whether you're into Prohibition-era drama or modern mob wars, this pack has it all. 7. Doom (2016) Deal : $3.99 : $3.99 Why it's good: Four bucks for one of the best shooters of the last decade? Yes, please. Rip and tear through hordes of demons in glorious HD. A HUGE XBOX Spring Sale | 20 ESSENTIAL Games! (Part 2) 8. Mass Effect Legendary Edition Deal : $5.99 : $5.99 Why it's good: Three iconic RPGs remastered. Travel the galaxy, make impossible choices, and romance aliens. It's a journey worth taking, again and again. Option for the cinephile gamer 9. Death Stranding: Director's Cut Platform : Xbox Series X|S : Xbox Series X|S Deal : $19.99 (50% off) : $19.99 (50% off) Why it's good: Hideo Kojima's vision of a post-apocalyptic courier service is equal parts beautiful and bizarre. If you missed it on PlayStation, this is your time. For sports fans! 10. EA Sports College Football 25 Deal : $13.99 : $13.99 Why it's good: A long-awaited return that nails the nostalgic vibe and competitive spirit. Perfect for gridiron fans craving something fresh on the field. Tips: Don't miss hidden gems If you have visited the Game Pass "Sneak Preview," there is still much more to discover since the full Xbox Spring Sale springs some surprises! And new deals, DLC packs, and bundles keep cropping up all throughout the event, so it's worth checking back often. Whether you're getting that blockbuster you've had your eye on or giving the underdog a chance, there are plenty of opportunities during the Xbox Spring Sale 2025. But don't take too long — some of these deals will disappear quicker than a stealth archer in Skyrim. So what are you going to be getting? Find your favorite discoveries!

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