Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin is founder of Trudence Capital with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai.  Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial news papers such as Wall Street Journal, Financial Times, Business Standard etc.

Indian Accounting Research Analyst

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Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Macroeconomics

<ul>
<li>We believe that the Indian macro outlook as a whole for the next year is going to be down a notch. </li>
<li>Concerns over Omnicron and a possible third-wave on the back of high inflation mean that the pent-up demand of a similar scale will unlikely be happening.</li>
<li>Rising fiscal deficit to GDP and the repo rates being at a low, government spending on a similar levels will be tough, hence challenging for capex revival.</li>
</ul>


We believe that the Indian macro outlook as a whole for the next year is going to be down a notch. 
Concerns over Omnicron and a possible third-wave on the back of high inflation mean that the pent-up demand of a similar scale will unlikely be happening.
Rising fiscal deficit to GDP and the repo rates being at a low, government spending on a similar levels will be tough, hence challenging for capex revival.


India Macro Outlook 2022: Time to Be Realistic