"I would not be surprised if in FY21, Bharat or rural India actually posts a positive GDP growth whereas overall India will be posting a negative GDP growth." — Nilesh ShahThe leadership ability to cut costs and a good balance sheet will be prerequisite for stocks to outperform on a sustainable basis, says the MD,Compared to March when valuations were very cheap, now valuations have become fair. Now the most important thing for the market to maintain its momentum is related to the medical situation. Their interest rates are near zero and liquidity is enormous.The Fed’s balance sheet for the first time in history has crossed $7 trillion. What happens in the balance 70% of urban or Indian economy which matters and here we are seeing a sharp recovery month-on-month.

Source: Economic Times August 27, 2020 06:20 UTC