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India in a sweet spot despite global fears of recession: IDFC AMC CEO

'Conditions are ripe for a private capital expenditure cycle over the next few years'

Vishal Kapoor, CEO, IDFC AMC
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Vishal Kapoor, CEO, IDFC AMC

Abhishek Kumar
The Indian economy is in a sweet spot as several indicators point to a relatively strong gross domestic product (GDP) and earnings growth outlook over the next three to five years, says VISHAL KAPOOR, chief executive officer of IDFC Asset Management Company. In conversation with Abhishek Kumar, Kapoor also shares why the asset manager is bullish on financial, automotive (auto), and consumer discretionary sectors. Edited excerpts:

The equity market is going through a lean patch for over a year. Do you think time correction is getting over and investors should raise their bets on equity funds?

At its last peak