It is very important for the country that Modi should come to power again, says Rakesh Jhunjhunwala

Stock market veteran Rakesh Jhunjhunwala is optimistic on India’s growth story and said it is very important for the country that Narendra Modi comes back as Prime Minister in 2019.

“The factors which are diving India’s growth are those which cannot be reversed and that’s why I said that it’s very important that Mr Modi comes back as Prime Minister.”

“Essentially the doctrine of India is tolerance and its only tolerant society which can imbibe, which can change. So these factors which drives India’s growth cannot be reversed and therefore, India’s growth cannot be reversed,” Jhunjhunwala said on Wednesday .

With regards to India's growth story, Jhunjhunwala said, “We feel we can grow faster than we are, we can do much better. So that stops us recognizing what we have already achieved or are achieving.”

Talking about individual stocks, he said, "Titan, even today is India’s icon. He further said that we always welcome investing in crisis because crisis is also an opportunity. Therefore, I was confident then, confident in-between and confident now."