Full-fledged earnings recovery is still some quarters away: Jinesh Gopani

With the elections drawing to a close, market uncertainty has gone away, says Gopani

While the election results are positive for Indian equities, long-term structural changes will take time, says Jinesh Gopani, head of equity, Axis Mutual Fund. In an interview with Ashley Coutinho, he says that a full-fledged earnings recovery is still two-three quarters away and is closely linked to macro factors. Edited excerpts:

What do you make of the election results? 

Markets have been volatile in the build up to the national elections over the past few months. With the elections drawing to a close, market uncertainty has gone away. The Narendra Modi government had initiated several structural reforms, including the bankruptcy code and