Naval Bir Kumar, managing director at IDFC Mutual Fund told NDTV Profit that the Uttar Pradesh election results will have short term yet sentimental impact on the market.
He believes that the policy paralysis of Indian economy is likely to end soon.
“The RBI has been hoping for the government to improve the fiscal situation. The central bank will cut not rates in mid-March, but in April,” he said.
Below is the interview. Also watch accompanying video.
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