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Indian economy to be more ‘domestic-driven’: Ambit

Ambit has introduced 15 stocks in its core opportunities portfolio to benefit from the economic revival.

Ambit has introduced 15 stocks in its core opportunities portfolio to benefit from the economic revival. These include Bharat Forge , Ramkrishna Forgings ,  Alstom T&D and PTC India Financial  among others.

In an interview to CNBC-TV18, Andrew Holland, CEO of Ambit Investment Advisors, said manufacturing sector will play a key role in India’s economy, which this time around will be more ‘domestic-driven’ than outsourcing based, seen in 2003-2006.

Once the government’s kick starts the infrastructure reforms, it will have a multiplier effect on the economy, Holland said. Ambit is upbeat on the companies that are into supply side of this growth story.

Ambit sees GDP growth to increase by 1 percent and says the country is likely to see significant FDI in insurance. It expects the road sector to see 8,500-km contract in FY15, and engineering, construction sectors to get big boost.

In the oil and gas segment, the firm expects a USD 15 billion investment in the next 3-4 years and sees urea, diesel decontrol.

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