Mukul Kochhar on main investment theme for next 5 years & 2 things to avoid this year

Investec Capital Services’ Mukul Kochhar predicts that the private capex cycle will drive job creation, savings accumulation, and premiumisation for the next five to six years. The investment cycle will boost earnings growth and contribute to supporting manufacturing investments, allowing discretionary consumption in the Indian market to grow as per capita GDP increases. Investec recommends portfolios that avoid exceptionally high multiples and over-anticipated stocks.