This is India's Goldilocks moment, says Marcellus's Saurabh Mukherjea
If you look at India’s history over the last thirty years, in every decade there are couple of years where we get a free lunch, Marcellus Investment’s Saurabh Mukherjea said in an interview with CNBCTV18.
If you look at India’s history over the last thirty years, in every decade there are couple of years where we get a free lunch, Marcellus Investment’s Saurabh Mukherjea said in an interview with CNBCTV18.
“It is when Indian policy is extremely accommodative, inflation revs up and in spite of that the currency doesn’t crack….this is a goldilocks moment for India,” he said.
Consumer inflation is currently at a 8-month high of 7.34 percent, but the rupee has been stable against the dollar so far. In its monetary policy statement last week, the RBI did not cut rates, but said it would maintain an accommodative stance.
“We will get the benefit of this for the next couple of years. This policy construct that India is running into over the next couple of years is extremely sweet for India,” he said, adding”…if this continues for the next six months, there will be a solid economic recovery in 2021-2022.”
Mukherjea is bullish on cement stocks.
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