JP Morgan's James Sullivan: India needs big reform for sustainable economic growth

James Sullivan, Managing Director of Asia Equity Research at JP Morgan says India needs big reform to support sustainable economic growth. On equity markets, Sullivan said that the market will remain highly volatile.

In an interview to CNBC-TV18, Sullivan said that he is cautious on buying equities. “We would be very cautious with that view. If I look at what is going on in the market right now, it is an interesting situation. The only guarantee is that you will continue to see a very high level of volatility. So, we work our way through both summer as well as fall,” he said.

Speaking about India, he said there is a need for big reform to support sustainable economic growth.