Pritam Deuskar on Global Markets & India Investment Outlook 2026
                     Pritam Deuskar 
on Global Markets 
& India 
Investment 
Outlook 2026
Executive 
Overview
Global Markets Have 
CRehceannt ggeeodpolitical developments triggered market 
volatility, but history shows that quality businesses 
recover first.
According to Pritam Deuskar, India is entering a 
structural growth cycle where sectors such as 
energy, defence, power electronics, capital 
markets, and advanced manufacturing represent 
long-term investment opportunities rather than 
short-term market trades.
Iran Conflict & India's Resilience
Turning Crisis into 
OThpe pStoraritt ouf nHiotrymuz disruption created one of the largest 
global energy shocks in decades.
India responded through:
• Diversified crude sourcing
• Strong refining capabilities
• Increased defence investment
• Policy agility and manufacturing 
Kesytr ength
Indsiai'gs shtrtuctural strengths transformed a global supply 
shock into a long-term strategic advantage.
Global Financial 
Risks
Major Global 
UCnhiteadl lSetantegses Japan
• Rising federal debt • Record sovereign debt
• Higher bond yields • Yield curve challenges
• Increasing interest • Potential global financial 
burden spillover
Investment 
PGleobrasl pfineacntciiavl erisks continue to rise, while India's 
macroeconomic fundamentals remain 
comparatively resilient.
What History Teaches Investors
Markets Recover. Quality 
LHiestaordicsa.l evidence shows that after every major crisis—including the Gulf War, 9/11, 
the Global Financial Crisis, COVID-19, and the Russia–Ukraine conflict—India's equity 
market recovered strongly and often outperformed emerging markets.
Lesso
Bnusinesses with strong fundamentals and structural 
demand consistently lead market recoveries.
Structural Investment Themes
Sectors Built for Long-Term 
According to thGe rCoIOw Dtehsk, the most resilient investment themes 
⚡ Power & Grid Infrastructure include:
🛡  Defence & Aerospace
🛡 Semiconductors
🛡 Space & Defence Technology
🛡  Data Centres & Artificial 
Intelligence
 ⚕    Pharma & CDMO
🛡 Capital Markets Infrastructure
Investment 
These sVeciteorws are supported by long-term policy, technology, 
and economic transformation—not short-term market cycles.
 Valuation Creates 
Opportunity
Buying Quality at Better 
The recent correPcrtiiocne wsas driven by geopolitical uncertainty rather 
than weakening business fundamentals.
As valuations adjusted, fundamentally strong businesses became 
more attractive for long-term investors.
Current 
• FaEirn mvairrkoetn vmalueantiotns
• Strong earnings outlook
• Improved margin of safety
• Long-term compounding potential
Why India Stands 
Out
India's Structural 
India's longA-tdervma gnrotwatgh eis supported by:
• Strong GDP growth
• Low inflation
• Expanding manufacturing
• Young demographics
• Growing domestic consumption
• Free Trade Agreements
• Strong forex reserves
• Digital economy leadership
Goldilocks 
A uniqEune vcoimrobinamtioenn otf economic stability, policy support, and 
structural growth positions India for long-term wealth creation.
CIO's Investment 
The Next 18 Months Outlook
MThea mttoestr important question for every investor is not today's headlines, 
but the future earnings potential of the businesses they own.
Portfolio 
✔Fo Sctruosng business 
fundamentals
✔ Structural sector tailwinds
✔ Sustainable earnings growth
✔ Competitive advantages
✔C oLroeng -term capital allocation
AMliegns spaorgtfeolios with India's structural transformation rather than 
reacting to short-term volatility.
Conclusio
n
Final Investment 
Peeriordssp oef cuntcievretainty often create the best long-term investment 
oInpdpiao'rst ucnoimtiebsin. ation of economic resilience, structural reforms, demographic 
advantage, and sectoral transformation provides a compelling foundation 
for long-term wealth creation.