What stands out in the last 17 years, any one moment? Basically if you have been bullish on India over the last 17 years, you have done enormously well for yourself. I have been in this market a bit more than that maybe 30 years now, when I came, the index was 600. It is closer to 30,000 and we have seen lots of events take place, lots of monetary events happening, India pledging gold, Kargil happening, tech boom happening. So you have to take it in your stride and as some wise man once told me -- this too shall pass. So any fear we have of demonetisation, rising interest rates, let us take it with a pinch of salt, India grows even at night. It is a great growth economy, it is a great consumption economy and it will master all the hiccups that the markets are so worried about right now which are demonetisation, rise of interest rates. I think the big bet in India for the last 30 years has been stay bullish on India.

Reforms on privatizing some struggling PSUs: A major bull market is ahead for Indian equities and steps by the government to reform or privatise some struggling public sector companies likely in the Budget will help PSU stocks lead the market higher.

On Demonetisation: one should wait for a few months to watch its impact play out on various sectors. Due to a fall in consumption, he said FMCG stocks are going to suffer for the next 1-2 quarters. The market will offer many multi-fold opportunities over the medium term but warned that in the near term, earnings are likely to be subdued on the back of demonetisation. Next two-three quarters will see pain of demonetisation..