White Oak founder Khemka eyes post-Covid market 'normalisation' for India

GDP expected to grow 11.5% in 2021

The Indian economy is set for "normalisation" in the wake of the coronavirus pandemic, with the emerging market less badly affected by Covid-19 than anticipated, according to White Oak Capital Management founder Prashant Khemka.

Khemka, who prior to founding White Oak was CIO and lead portfolio manager of GS India Equity at Goldman Sachs Asset Management, explained "high frequency indicators" such as tax receipts, auto sales and goods traffic movement "point to a sharp rebound in economic activity" over the near term. India takes hit but gets ready to ride the imminent recovery wave The growing availability of vaccines in India has given further "momentum" to the normalisation of the country, which the IMF has forecasted will see GDP grow by 11.5% for 2021, the highest among large economies, the Ashoka India ...