Mohit Ralhan of TIW Private Equity said the uncertainty in global markets have increased
Political and policy uncertainties in the election year are major risks on the domestic front, said Mohit Ralhan, Managing Partner & Chief Investment Officer, TIW Private Equity in an interview to Moneycontrol's Sunil Shankar Matkar.
Q. What are your views on state elections and their impact on 2019 general elections?
A. If BJP loses in all three states where it is in power, then the market sentiments may turn negative as it will increase the risk of political uncertainty. India needs a strong and stable central government to keep the reforms agenda on track, irrespective of which principal party is in power.
Q. What do you see as the major global and domestic risks to the equity market in next one year?
A: The major global risks are crude oil price, trade tensions and political turmoil in the middle East. Political uncertainty and policy uncertainties in the election year are major risks on the domestic front.
Q. Do you expect rate hike from RBI as well as FOMC in the December policy meeting? Also, what is your view on current RBI vs Govt battle?
A. The differences are expected to be resolved amicably. RBI is likely to keep rates unchanged.
Q. Crude has corrected sharply over the last couple of weeks. Can we expect it to stay in the $60-70/barrel range over the next one year?A. The uncertainty in global markets has increased. We believe crude price to be in $60-80 a barrel.