Our Sensex target for December 2018 is 36,900: Citi India's Abhinav Khanna

For FY19, we expect 19 per cent earnings growth for the Nifty versus 11 per cent growth expected in FY18, says Khanna

As markets enter the new financial year and the long-term capital gains tax on the sale of stock investments kicks in, ABHINAV KHANNA, head of equities, Citi India, tells Puneet Wadhwa that he remains optimistic on the medium-to-long term growth of India, led by consumption recovery and the green shoots visible in the capex cycle. Edited excerpts:
 
What are your views on the government’s FY19 borrowing plan?
 
We were surprised on a slew of supply related announcements, which further support Citi’s constructive stance on Indian bonds. The combination of lower gross borrowing, favourable tweaking of the calendar, and