‘I’m In The Business Of Reducing Expectation. We Aren’t In 2008,’ Says ICICI Pru’s Nimesh Shah

With India’s nominal GDP growth pegged at 10 percent for the financial year 2020-21, investors shouldn’t expect more than 9-10 percent equity returns for the year, said ICICI Prudential Asset Management Company’s Nimesh Shah.“We are not in 2008. We are not in that world. Mark-to-Market of companies was then growing at 20-25 percent per annum. We are in a very different world (now),” the chief executive officer and managing director o...