Looking ahead over the next two to three years, we see two themes standing out as investors — consumer tech and chemicals. Consumer tech, though a relatively newer segment, offers strong long-term potential because of its platform-driven business models, scalability, and ability to generate operating leverage once scale is achieved. These companies can deliver topline growth of 20–25%, which can translate into 30–40% bottom-line expansion at the right point in time. Valuing them, however, requires a forward lens rather than traditional P/E metrics. This sector tends to do well when interest rates are low, which boosts terminal valuations. On the other hand, the chemicals sector, after a few muted years due to an inflated post-COVID base, is well-positioned for recovery. Companies with strong balance sheets have invested aggressively in capex and, as utilization improves, we expect returns on equity to rise meaningfully. While consumer tech is largely a domestic story, chemicals are more export-driven — together, we keep these two themes in mind from our 3Y investment outlook.