Navigating Market Challenges: Insights from Prashant Khemka on Global and Domestic Trends

Prashant Khemka, founder of White Oak Capital, shares seven key takeaways on market dynamics influenced by geopolitical events and economic policies. He highlights the impact of the Kashmir attack and US tariffs on global trade and investment strategies. According to Khemka, the US tariff regime is reshaping supply chains, creating opportunities for India in labor-intensive sectors like garmenting and low-end engineering. However, capital-intensive industries may face challenges as production shifts back to the US.

Khemka emphasizes the importance of India’s domestic resilience amidst global uncertainties. He notes that sectors like banking and consumption, driven by domestic demand, remain insulated from external shocks. Additionally, he points out that India’s earnings outlook is stable, with nominal GDP growth projected at 10–11% for FY26.

On the geopolitical front, Khemka discusses the evolving defense landscape, where Western nations are increasing spending due to reduced US support. He sees potential for India to play a competitive role in arms and ammunition production.

Despite challenges, Khemka remains optimistic about the long-term prospects of Indian equities. He advises investors to focus on structural growth drivers and adopt a diversified approach to navigate market volatility. His insights underscore the importance of staying informed and adapting strategies to align with changing global and domestic trends.