Will NBFCs drive India's next growth wave? Manish Singh answers
«But if you are an investor, then you have to take a three- to five-year view. What I like is that if Prime Minister Modi wins then that is just a validation of the political stability, which is a precursor to economic growth,» says Manish Singh, Market Expert.
Do you think the fundamentals are strong enough to kind of take these markets further ahead, what is your opinion?
I do agree with Mr Subramanyam that it depends upon what sort of investor you are. And with any trade, the key thing is your investment horizon and that pretty much dictates your risk reward that you are going to look at. If you are of trader mentality, you believe that there is going to be a volatile outcome either way, then you benefit from it, so that is one trade one can think of. I do not recommend that because I am a more medium-term investor. But again, if you are a trader, then you can put those trades and benefit from that.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisitBut if you are really looking at from a medium-term point of view, then I do agree that valuation looks rich. Having said that, for the whole of this year or maybe some point last year as well the valuations have continued to be expensive if you compare the other markets in the emerging market, so that has not changed.
But if you are an investor, then you have to take a three- to
