I see a very bright future for the economy driven by infrastructure and realty: Raamdeo Agrawal
Raamdeo Agrawal, Chairman, Motilal Oswal Group, says “there is a long-term trend to allocate more for defence, and these defence companies are monopolistic, though they are public sector. So there is a little bit of challenge but there are well-run public sector, monopolistic, high return on capital companies and all and their dividend policy is better than private sector’s. You have an opportunity there. But you have to be a little bit more careful where the action is. So, you have to decide company-wise.”
This year our theme for Diwali is Yeh Diwali Muskaan Wali. Looking back, do you have a smile on your face on how the year has been?
Yes, we have forgotten Covid because there is so much smile.
The markets have brought much happiness, at least for those who are investing. We could weather the Covid in a much better way because it was very exciting. There have been a lot of smiles for the last three-four years and now there’s the boom in mid and smallcaps.
You always have some of that in your portfolio and that has brought further smiles. I think India is shining. India is actually emerging.
Look at sports, the way we are crushing other teams.
Fingers crossed for the World Cup final.
World Cup final and then even in Asian Games and all. So, the morale across the country, for businessmen, sportsmen, everything is high and ground realities are also very good in the sense monsoons are okay, forex balance is adequate at about $600 billion. RBI and all, do not have to make knee-jerk reactions and are very stable.
