Returns from consumption stocks could be muted, says Kenneth Andrade

On the liquidity side, the consensus still favours India to be one of the faster growing economies across the world, says Andrade

As the markets now await the policies from the new government to revive growth in its upcoming Budget and corporate earnings for the first quarter of financial year 2019-20 (FY20), Kenneth Andrade, founder and chief investment officer, Old Bridge Capital Management, tells Puneet Wadhwa that the country needs fiscal consolidation before kick-starting the economy. Edited excerpts:

Do you see markets undergoing a time-wise correction now?

For the Indian markets, the biggest question is the revival of corporate earnings. While there are no immediate signs of the same, what remains buoyant is the cash flow cycle with corporate India. Except for the banks