2022 marked the transition of Dovish stance of Quantitative Easing to Hawkish stance of Quantitative Tightening. While inflation rose at the fastest rate, NASDAQ fell at the fastest rate. But India stood out as an anomaly & the Indian markets were remarkably resilient to exogenous shocks.
This resiliency, which is apparent despite a lacklustre performance on the export front, is an indication of strength in the domestic economy.
As we enter 2023, we look back at 2022- the year of resets for the global economy, and India, in particular. Read our take on this and also check out the Monthly Peer group PMS report with performance data as of 31.12.2022.
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