Puru Saxena, CEO of Puru Saxena Wealth Management told CNBC-TV18 that he is bullish on energy and food sectors. “I’m of the opinion that the world’s oil production has peaked. Within next 4-5 years the supply of oil is going to decline at a time when demand is raising form the other developing countries”, says Saxena.

Excerpts from CNBC-TV18's exclusive interview with Puru Saxena:

Q: What’s your call on Asia right now and more importantly Mainland China?

A: My view is that the best opportunity at the moment in Asia, lies in the Greater China region because we have had a big decline in Shanghai, the Asian market has gone down 50% and I think the Chinese market has bottomed out.

Relationship between Taiwan and Mainland China is now improving after any years of arguments and conflict, so I think the Greater China region offers the best opportunity. I think the Chinese economy is booming and in the next few years investors who buy China today are going to make a lot of money.

Q: Last time you said that you were bullish on natural resources, which sectors particularly appeal to you in Asia?

A: I do like energy very much, I also like food. There are shortages of food worldwide and energy as well. I’m of the opinion that the world’s oil production has peaked. We have passed the peaked output and in the next 4-5 years the supply of oil is going to decline at a time when demand is rising form India, from China, from the other developing countries and also from the Organization of the Petroleum Exporting Countries (OPEC) themselves.

In the next few years we are going to see oil prices perhaps 2 or 3 times the current levels.