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Indian equities to impress for next 1-2 yrs: Axis Capital

Dharmesh Mehta, MD and CEO, Axis Capital, says he is bullish on the market for the next 1-2 years. Mehta believes the slump in commodity prices will aid the market, as will the government’s reforms push.

The top bosses at brokerage firm Axis Capital are super bullish on India and expect 2015 and 2016 to pan out in favour of the equity market.

Speaking to CNBC-TV18’s Latha Venkatesh on the sidelines of the India 2020 Star Conference, Dharmesh Mehta, MD and CEO, Axis Capital, says he is bullish on the market for the next 1-2 years. Mehta believes the slump in commodity prices will aid the market, as will the government’s reforms push.

Mehta believes the Bihar elections were stalling reforms and now that it is out of the way, more progress can be expected on that front.

On the road ahead, Mehta says there are a number of engines working for India at the current moment and the thrust on 4G and Digital India will help accelerate growth further.

Stay tuned for more.

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