科塔克·马辛德拉资产管理公司总经理尼莱什·沙阿表示，印度的经济增长势头在第二季度得以延续，今年全年经济增长率有望超过7%。
India’s growth momentum has continued into the second quarter, with 7% plus growth looking certain for the current year, according to Nilesh Shah, MD, Kotak Mahindra AMC.“This year 7% plus growth is looking certain, the momentum has continued in Q2,” Shah told CNBC-TV18.
他在接受CNBC-TV18采访时表示：“今年实现7%以上的增长已成定局，第二季度的增长势头也得以保持。”他还指出，要实现明年7%的增长率，则需要油价出现回落。
He added that achieving 7% growth next year would require lower oil prices.
沙阿提到，第一季度GDP表现良好，但也存在12%的季风降雨缺口、油价重新升至三位数水平以及供应链可能出现中断等不利因素。
Shah said the first-quarter GDP performance was good, but pointed to a 12% monsoon deficit, oil prices moving back into triple-digit levels and emerging supply-chain disruptions.
他表示：“当前形势要求我们必须格外谨慎，才能维持经济增长。”
“We are at a scenario where we need to be very, very careful for maintaining growth,” he said.
此外，沙阿指出通胀水平正在上升，不过仍低于印度储备银行设定的上限。这意味着未来利率可能上调。
He also said inflation is rising, although it remains below the Reserve Bank of India's upper target range. According to Shah, this could mean interest rates will need to rise.
在资本市场方面，沙阿称IPO、QIP及OFS等发行活动给市场带来了压力，过去三年此类发行总额已超500亿美元。今年至今，外国机构投资者已累计抛售了2.5万亿卢比的股票。
On the markets, Shah said IPO, QIP and OFS issuances have put pressure on markets. He said there have been more than $50 billion of issuances over the last three years. Shah said FPIs have sold ₹2.5 trillion in the current calendar year.
他形容当前市场呈现出“狂热与冷漠并存”的状态：大型股缺乏投资者关注，中、小盘股则受到热捧，而外国投资者整体持观望态度。
沙阿总结道：“企业盈利表现强劲，但市场供给量巨大，未来形势略显严峻。此时投资者必须采取‘自下而上’的选股策略。”
He described the market as seeing a combination of “euphoria and apathy”, with a lack of interest in large caps, euphoria in mid- and small-caps, and apathy from FPIs.“Earnings are strong but on the other side supply is huge and future is looking little bit tense,” Shah said, adding that this is a time when investors will have to be “bottom up stock picker”.