New Delhi, Nov. 11 -- India is set to become the world's third-largest consumer market in 2026 and third-largest economy by 2028 after the US and China, as it could maintain potential real GDP growth of 6.5pc year-on-year (YoY) between FY28-30, said analysts at UBS in a recent report.
The report mentioned that the global growth could slow marginally to 3.1pc 2026 from 3.2pc in 2025, before rising to 3.3% in 2028.
While retail flow still supports the market, UBS said, selling pressure from foreign investors and (increasingly) IPO/capital-raising activity by corporates must be watched.
"India lacks any direct artificial intelligence (AI) beneficiary stocks, unlike other larger markets. Among sectors, we prefer banks and consumer staples in...