Ridham Desai, MD, Morgan Stanley India, stressed that the government under the leadership of PM Narendra Modi will implement structural reforms that will drive Indian economic growth.
On coalition government, he said that except 2014 and 2019, coalition governments have been running in India since 1989. This government will last for the next five years.
“I don't think we will see any change in government policy. The government should focus on bringing sustainability at a broader level and building the supply chain. These are two things that this government will do. India's growth rate will remain between 7 to 8 percent and inflation will remain under control.
On selling by FIIs (foreign institutional investors), Desai said that there are two big players in the market. First – domestic investors and second – foreign investors. At present domestic investors are buying. In such a situation, foreign investors are not getting an opportunity. As corporates start raising money, foreign investors may enter the market. Purchasing by foreign investors will return in the coming six months.
Equity mutual fund inflows reached a record Rs 34,697 crore in May, up 83.42 per cent from the previous month.
On coalition government, he said that except 2014 and 2019, coalition governments have been running in India since 1989. This government will last for the next five years.
“I don't think we will see any change in government policy. The government should focus on bringing sustainability at a broader level and building the supply chain. These are two things that this government will do. India's growth rate will remain between 7 to 8 percent and inflation will remain under control.
On selling by FIIs (foreign institutional investors), Desai said that there are two big players in the market. First – domestic investors and second – foreign investors. At present domestic investors are buying. In such a situation, foreign investors are not getting an opportunity. As corporates start raising money, foreign investors may enter the market. Purchasing by foreign investors will return in the coming six months.
Equity mutual fund inflows reached a record Rs 34,697 crore in May, up 83.42 per cent from the previous month.
