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Mr agrawal um one one final question from mine at least and and which is uh is would you reckon that over of I mean I remember 2014 when when I was in your dealing room and we were talking about how a new reformist majority government come to par does for Capital markets has the Indian market by virtue of its sized move beyond that would you reckon from here on over the next 5 years uh markets largely everything's else um staying Good Will largely still be creating wealth uh for investors and would the nature of components be different in that maybe psus did very well in the last 5 years maybe some of the others like private Banks or some others come to the for see uh India is a compounded story you know in compounding sometimes it is slow sometimes it is fast so we have seen the fast phase maybe a little slower phase of wealth creation but this is a I mean I have seen 45 years of the market in that you might have I have seen almost headon cargil we have seen bankruptcy of 91 92 so all kinds of things happen and yet this compounding continues so as far as the wealth creating city of this indust country is concerned that is not even an out of doubt about it now even actually I would go to extent of saying that in next 5 years if the index were to double at best it might take another 6 months or one year I would say in instead of 5 years I may say in six years at least it will double but the process of wealth creation and the even pace of wealth creation would not be significantly impacted by these judgments because economics is very different from politics right now what you seeing is a political mandate and we have seen lot of actually the biggest bull runs have happened in a absolute minority governments like whether it is a bull run of 2000 whether it is 20 3 2007 the ended up in global financial crisis we had all monary government of very weak government dispension in Delhi and yet the economics overtakes politics once the country is being given some kind of mandate politically there's no headache every day there's a some kind of Sanity at the top I think the economics goes economics are impacted not of course politics impacts economics but there are many other factors which also comes into the economics and uh and and countries country's economics countes earnings Count's corporate profitability they all a much bigger thing than just the politics you know I I take that point uh completely that once there's Clarity of what's happening on the top uh things will take its own course I mean the India story doesn't disappear overnight because of one election result and absolutely point taken now having said that Mr Agarwal lot of viewers investors watching you right now and looking for some direction from you you're saying taking it easy for a couple of days but then what are the pockets of growth that you're seeing in the markets does the story change from what has been doing well the last several months so your PSU defense Railways Etc do you see new spaces of growth now in this kind of mandate right now for the newer sector of growth you have to actually wait for some time otherwise what is continued to grow will continue to grow grow will grow and uh they should be doing well all the capex companies all the defense companies uh they would keep doing well uh I mean valuation apart I don't think the business Trend changes so much but let's wait for the first budget I mean that will that will show the whatever shift has happened in politically and whatever policy shifts which are going to happen because of the new arrangement in Delhi uh that will all be visible in the uh when we have the budget after 30 40 days so I think let's wait for the change of the uh I mean any kind of a major churn in the portfolio you should wait for the policy directions all right thank you so much uh Mr ramdev Agarwal for speaking with us one of the biggest voices on the markets uh talking about taking a breather for the next couple of days at least to figure out what's happening
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