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Bullish infra,consumer plays; realty a contra bet: Envision

Shah says India’s fortunes are largely linked to its infrastructure development. However, he feels private investment in infrastructure could take time to revive, and so it is important that public spending takes off in a big way

Investors should look at a mix of infrastructure and consumer themes, says Nilesh Shah, Managing Director and CEO, Envision Capital. He sees real estate stocks as contrarian bets.

In an interview to CNBC-TV18, Shah–who doubled up also as CNBC-TV18 Guest Editor– says GST is critical to India’s growth and once effective, it could do wonders to India’s economy.

He says the foundation of the current bull market was laid 18 months ago, and that the big challenge before the government now is to revive growth.

Shah says India’s fortunes are largely linked to its infrastructure development. However, he feels private investment in infrastructure could take time to revive, and so it is important that public spending takes off in a big way.

Shah sees the effective execution of the JAM (Jan Dhan, Aadhar, Mobile) kickstarting rural consumption in a big way.

According to Shah, demographics and urbanisation are the key driverrs of the economy and he expects India o outperform other markets for years to come.

INTERVIEW TRANSCRIPT AND VIDEO TO FOLLOW

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