Privatisation is one big way to unleash animal spirits: Manish Chokhani

The veteran investor in an interview with Hamsini Karthik and Vishal Chhabria talks about the forthcoming Union Budget, India's growth challenges

MANISH CHOKHANI, veteran investor and director of Enam Holdings, in an interview with Hamsini Karthik and Vishal Chhabria talks about the forthcoming Union Budget, India’s growth challenges and how some radical policy reforms can unleash animal spirits in the economy. Edited excerpts:
 
There’s a lot of buzz around reducing or doing away with capital gains tax on equities this Union Budget…
 
In a capital scarce economy, you must do things to incentivise people to invest. Right? Capital is mobile in the world. Unfortunately, in India you have two hurdles to jump as a global investor: First, you factor