The worst of India’s GDP contraction is definitely behind, said Rana Gupta, MD of Manulife Investment Management in an interview to CNBC-TV18.

He expects strong inflows into capital markets to continue.

“We have been highlighting through thematic notes the pharma and chemical structural story as India gains more market share in export markets,” said.

Rana said that organized companies were gaining market share and seeing an improvement in profitability.

He said a rise in bitumen consumption pointed to a pick-up in the construction sector.

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First Published:Oct 12, 2020 9:11 AM IST