India Beyond IT & Banks: Chris Wood Highlights Key Sectors To Watch

Chris Wood, Global Head of Equity Strategy at Jefferies, shares his outlook on the most promising investment opportunities in India. While IT services face potential disruption from artificial intelligence, Wood emphasises India’s strength as a domestic demand-driven economy. His portfolio remains anchored in banks and financials, with a tilt towards financing companies benefiting from lower rates and consumption growth. He also highlights infrastructure—such as airports—along with travel, cement consolidation, healthcare, and defence as long-term themes to watch. According to Wood, India’s equity story has moved well beyond its historic focus on IT and banks, with diverse sectors now driving the country’s growth narrative.