India Shines As Matt Orton’s Favourite Global Bet Amid Oil And Dollar Tailwinds
Matt Orton, strategist at Raymond James Investment Management, sees strong opportunities in Indian private banks, IT services and infrastructure leaders.
India stands out as the top global investment bet for Matt Orton, head of advisory solutions and market strategy at Raymond James Investment Management, buoyed by lower oil prices and a softer dollar.
“India has been a clear beneficiary of these tailwinds, and its domestic growth trajectory remains solid,” Orton said. India’s economy has been resilient amid global volatility, supported by robust structural reforms and strong domestic demand, he said.
Orton expects global capital to continue flowing into India, helped by easing inflation and stable policy support. “Lower oil and a weaker dollar create a powerful combination for India’s macro backdrop,” he said. With these factors in place, Orton sees India as a compelling allocation within emerging markets.
He also flagged the potential impact of proposed tariff measures under Donald Trump’s campaign rhetoric, noting that “any new trade barriers or protectionist policies could dampen global risk appetite, but India’s domestic drivers should cushion much of that potential fallout.”
Top Picks: Private Banks, Tech And Infra
Within India, Orton sees the best opportunities in private sector banks, technology, and infrastructure. He pointed to private lenders like HDFC Bank Ltd. and ICICI Bank Ltd. as strong bets due to their stable asset quality and consistent earnings growth. “They have proven balance sheets and solid credit underwriting,” Orton noted.
In technology, Orton likes large-cap names such as Infosys Ltd., citing their resilience in managing global challenges and the realignment of client spending. “The earnings reset in IT services companies has created room for renewed upside,” he said.
On infrastructure, Orton highlighted Larsen & Toubro Ltd. and Siemens Ltd. as key beneficiaries of government-led capital expenditure. “The policy push for infrastructure investments directly benefits these sector leaders,” he said.
Orton stressed that the most sustainable opportunities are in high-quality leaders across these sectors, especially as India’s reform-driven growth story gains further momentum.
