Vikas Khemani, founder of Carnelian Asset Management, has made a bullish call on India's markets, asserting that despite anticipated 20-30% drops in Q1 earnings for companies impacted by global trade disruptions and high energy prices, the long-term investment case remains robust. He emphasizes that sectors like banking and financial services will face minimal impact and sees the current market volatility as a buying opportunity. Khemani has strategically increased his exposure to banking and financial services, citing their attractive valuations, and views the temporary earnings dip in the aviation sector as non-structural. He also addresses concerns regarding the Indian IT services sector, arguing that these companies will play a crucial role in implementing AI solutions. Khemani believes that the global economic disruptions may ultimately benefit India, with a free trade agreement with the EU and recovering manufacturing demand contributing to a positive outlook.