Indian economy has gone through an industrial recession: Pankaj Murarka

Pankaj Murarka, the founder of India Next Fund, says manufacturing, engineering, capital goods and media are sectors witnessing change

At a time when the macroeconomic indicators, be it industrial growth or inflation or trade deficit, are showing signs of concern, Renaissance Investments Managers has launched a hedge fund -- India Next Fund -- on the theme of economic recovery. Pankaj Murarka, founder of the company, tells Indivjal Dhasmana why the fund is so bullish on India's economy. Edited excerpts:

Why have you launched a fund at this time when the outflow of FPI (foreign portfolio investors) money is at a record high and there is uncertainty due to upcoming assembly elections?

The answer is in your question. When the