Jigar Mistry on 3 sectors that offer better earnings upside in Q1

Despite a favorable macroeconomic environment in India, driven by fiscal prudence and controlled inflation, corporate earnings growth is slowing due to shifts in government spending. While cyclicals performed well, larger index components negatively impacted growth, leading to Nifty earnings estimate cuts. Sectors like pharmaceuticals & healthcare, and financials offer better earnings potential, while IT faces challenges.