India's manufacturing export boom: Why Mukul Kochhar says the time is 'right now'

Mukul Kochhar of Investec Capital Services is constructive on Indian markets, noting the current account has moved to neutral since February, the rupee has bottomed at an all-time low on a real adjusted basis, and the worst of FII selling is over. He forecasts double-digit corporate profit growth and flags a solid manufacturing export cycle over the next three to five years as the primary alpha source, driven by trade agreement coverage jumping from 11% to 60% of global GDP and energy costs now aligning with global competitors.