Expect low double-digit returns in 2020: Mukul Kochhar, Investec

Despite the weakness in the economy the market has been charging ahead. Mukul Kochhar, Co-Head of Equities, India, Investec says companies that are benefiting from the disruption in the economy are driving up the markets. In an interview to Samie Modak, Kochhar says this year will be another rewarding year for equity market investors. Edited excerpts:

How do you explain the divergence in the economy and the market performance? 

The market performance is being driven by stocks and sectors which are benefiting from the disruption in the economy. These are companies that are consolidating, gaining market share, and increasing profitability, as competition