INSUBCONTINENT EXCLUSIVE:
By Nupur Acharya and John XavierIndian wealth and alternative investment managers expect the next federal budget to propose measures that
will improve consumption and bolster infrastructure to revive economic growth.
Newly appointed Finance Minister Nirmala Sitharaman will
present her first budget on Friday
Growth slowed to a five-year low of 5.8 per cent in the first three months of 2019, amid a liquidity crunch at non-banking financial
managers on current opportunities in the market:
Nalin Moniz, chief investment officer, alternative equity, Edelweiss Asset Management
Ltd.
Liquidity conditions are slowly normalizing; the cash squeeze should normalize in 1-2 quartersExpect to see a broad-based revival in
earnings in the latter half of FY20Sees opportunities in consumption, exports and financial services sectors on a 5-year horizonOver the
longer term, both consumer goods and discretionary consumption are expected to boom as the Indian economy grows from $2.7 trillion toward $5
financialsVijay Krishna Kumar, head of liquid alternative investment, IDFC Asset Management Co.
The budget will be another non-event