Saurabh Mukherjea, head of equities at Ambit Capital tells CNBC-TV18 that he sees India decoupling with the West, going into 2012. "The disconnect between West, which is gradually and relentlessly sliding into economic recession, and an Indian government that has finally woken up to economic reality, will grow wider and wider as we go into 2012," he says.
He expects earnings growth of 4-5% in FY12, but going into FY13, earnings momentum could see a cut from the generally expected 15% to not more than 10% on account of slow policy reforms and a difficult Q3. Below is the edited transcript. Also watch the accompanying video Q: We did see a flash rally across global markets but there doesn
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