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Defence Minister Rajnath Singh has raised concerns about the safety of Pakistan's nuclear arsenal, suggesting it should be supervised by the IAEA, amidst heightened India-Pakistan tensions. This statement sparks debate, considering Pakistan's non-signatory status to the NPT, which limits IAEA's oversight.
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Delhi has not commented yet, but India and the US are currently in talks to negotiate a trade agreement.
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Hari Shyamsunder from Franklin Templeton suggests a cautious outlook on IT due to slowing growth and AI uncertainties, while favoring mid and small-caps for long-term Indian economic growth. Despite stretched valuations in manufacturing, defense, and power sectors, stock picking remains crucial. He anticipates a 10-13% compounding return for the broader market over the next three to five years.
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