Markets waiting for revival; NBFC row can be resolved: UTI AMC's Ajay Tyagi

For the economy to return to the 7% growth trajectory, the govt needs to do a lot, which includes fiscal measures

As expectations build around the upcoming Budget for the markets to take cues from the policies announced and decide their trajectory, AJAY TYAGI, executive vice-president and fund manager, equity, UTI AMC, tells Swati Verma that letting go of 3.4 per cent of the fiscal deficit target for this year won’t be a bad option. The priority, he says, is to arrest the declining growth momentum. Edited excerpts:

How will the second half of the calendar year 2019 (CY19) play out for the markets?

It's difficult to predict the course with any degree of certainty. We have got ‘Modi premium’ again.