Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Predictability of Policies Required to Attract Foreign Investment, Says Veteran Market Investor Rakesh Jhunjhunwala

Jhunjhunwala said the economy and the equity markets will rebound but one cannot put a time stamp on it.

News18.com

Updated:August 13, 2019, 3:37 PM IST
facebookTwitterskypewhatsapp
Predictability of Policies Required to Attract Foreign Investment, Says Veteran Market Investor Rakesh Jhunjhunwala
Rakesh Jhunjhunwala. (via Getty Images)
Loading...

New Delhi: Ace stock market investor Rakesh Jhunjhunwala, in an exclusive interview to CNBC-TV18, said in order to attract foreign investment, a necessity to realise the $5 trillion economy dream, the government needs to stabilise its policies.

“Trade war will impact India positively. There is no problem with respect to inflation, currency or export market. Predictability of policies is required to attract foreign investment,” said Jhunjhunwala.

He also said he was not very happy with the current state of the market.

“Markets being in the state that they are, I cannot be happy about it, but we have to accept the reality as it is. So it is okay, it’s a part of life. Life is not linear; there are good times, there are bad times. So they do come and they go,” added Jhunjhunwala.

The ongoing liquidity crisis in the non-banking financial companies and the current fiscal situation have led to a short-term slowdown, he said. “Every bank is shy to lend to corporates. This reluctance can be overcome by capitalising banks and flushing the system with liquidity,” said Jhunjhunwala.

Jhunjhunwala said the economy and the equity markets will rebound but one cannot put a time stamp on it. "The economy is going to rebound unquestionably, the industries are going to rebound, the smallcap and midcaps will still rebound but the question is when. Before we ask ourselves when it is going to rebound, is it going to rebound, we got to dig deeper into the reasons while we are in this kind of a situation,” he added.

The established market guru also predicted that the RBI will not only further reduce interest rates, but also ensure liquidity. The direct impact of this, he said, will be an improvement in credit offtake.

On India’s prospective growth story, he said, “Don’t feel that India has a 10% GDP growth rate model as of now. Problem is that inefficient policies are being politically accepted.”

However, he added a caveat, “India is an elephant; changes in this country take time.”

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 65.40 -8.15
Maruti Suzuki 6,228.90 0.61
Indiabulls Hsg 483.55 -7.26
Tata Motors 112.40 -9.25
SBI 277.40 -2.22
Company Price Change %Gain
Maruti Suzuki 6,222.95 0.39
Yes Bank 65.40 -8.21
Indiabulls Hsg 482.85 -7.40
Abbott India 8,945.00 -0.59
Tata Motors 112.30 -9.29
Top Gainers
Company Price Change %Gain
Hero Motocorp 2,714.25 1.69
Infosys 799.45 0.85
Bajaj Auto 2,764.80 0.80
Eicher Motors 16,000.50 0.66
Maruti Suzuki 6,228.90 0.61
Company Price Change %Gain
Hero Motocorp 2,716.90 1.78
Infosys 799.55 0.84
Bajaj Auto 2,761.75 0.69
HUL 1,854.00 0.70
Maruti Suzuki 6,222.95 0.39
Top Losers
Company Price Change %Gain
Tata Motors 112.40 -9.25
Yes Bank 65.40 -8.15
Indiabulls Hsg 483.55 -7.26
Tata Steel 343.00 -4.26
BPCL 327.80 -4.22
Company Price Change %Gain
Tata Motors 112.30 -9.29
Yes Bank 65.40 -8.21
Tata Steel 343.05 -4.26
Coal India 188.75 -3.33
ONGC 121.15 -3.12

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results