'India in a sweet spot': UBS India head explains his optimism for 2020

Anuj Kapoor tells Business Standard he believes economy is in 'early recovery phase', resulting in period of low inflation and interest rates.

Despite the coronavirus pandemic, equity capital raising has hit a record this year. Anuj Kapoor, MD and Head of Investment Banking, UBS India tells Samie Modak what have been the key drivers and trends for the primary markets and the outlook for next year. Edited excerpts:

2020 has been a record year for fund raising. What have been the key drivers for this?
 

The main trigger for the surge in equity markets has been the massive amount of stimulus injected into the global financial systems. It has provided investors with confidence that markets will continue to be supported by government