ET Now

Market Crash 2,500 Points | Is This India’s 1991 Moment Again? | Ramesh Damani’s Investment Strategy

Indian equity markets plunged roughly 2,500 points, prompting comparisons to the 1991 crisis that spurred sweeping reforms. In a recent interview, veteran investor Ramesh Damani argued the sell‑off presents buying opportunities, especially in AI‑enabled firms, defense manufacturers, and pharma companies developing GLP‑1 drugs. He also highlighted supply‑chain localization trends and the role of gold as a defensive asset. Damani concluded that despite short‑term turbulence, India’s long‑term growth narrative remains intact.