Balancing Budget 2013-14 is going to be challenging: Sudhakar Ramasubramanian
It is believed that the investment scenario needs to be made conducive for investors?
We expect a lot of simplicity in investment norms (simplifying KYC norms) for individuals and small retail investors below a particular category. There are some changes we expect on some of the investment benefits such as initiatives in infrastructure and life insurance because retail investor money needs to get channelised into long-term instruments. Today, retail participation is very low and investments have gone into gold and real estate. It is not coming into FDs or equity markets. Whatever he can do to channelise that into the capital markets for a long-term is going to be very helpful. He could look at some form of long-term investment like long-term infrastructure, long-term equity, or inflation-linked debentures.
What is your long-term investment outlook on Indian equities? Which sectors would you put your money?
We are positive on equity markets from a long-term view subject to some of the global conditions and some domestic initiatives we take. We have already seen $8 billion coming in the first 8-9 weeks. We do not believe this number is going
Be the first to comment.