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Ramesh Damani On What Will Drive India's Long-Term Bull Run

Pillars for long-term bull run are in place, says veteran investor Ramesh Damani.

<div class="paragraphs"><p>A bronze bull statue stands at the entrance to the Bombay Stock Exchange. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A bronze bull statue stands at the entrance to the Bombay Stock Exchange. (Photographer: Dhiraj Singh/Bloomberg)
Valuation concerns and fund withdrawals by overseas investors have pulled back India's equity benchmarks from October highs. Veteran investor Ramesh Damani does not see that as a sign of worry.He is “full-blown in the bullish camp despite some skepticism because of this current fall of 10%". The more than 1,000-point decline from the highest level is not something out of the ordinary, he said.
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