New Delhi, Sept. 15 -- With global volatility creating an unpredictable landscape, where does India find its footing? For Gautam Chhaochharia, head of global markets at UBS Securities India, the answer is simple: in the wallets of its own people. As global markets face uncertainty, he's convinced that domestic consumption will be the anchor for the country's economic growth. He anticipates a temporary demand surge from the latest goods and services tax (GST) cuts, but doesn't see them addressing India Inc.'s long-term woes by itself.

Despite challenges, he remains bullish on consumption, a bet underpinned by the latest tax cuts, potential pay commission outlays in 2027, and expected monetary policy easing. Chhaochharia thinks two more ra...