Prefer infra space with 3 years view: Nimesh Shah

Nimesh Shah of ICICI Prudential AMC told CNBC-TV18, "If somewhere we are getting stuck or our call is going wrong it is on the infrastructure space because we had given the calls six months back also and nothing has happened. Till now also we believe the economy has bottomed out, nothing can get worse than what is happening right now. However, the good thing is financial macro economic factors are good. So at some point of time huge government spending has to come."

"The private sector is not investing, the government has to invest and bring the cheer back or bring the economy back on rails. So, we are waiting for the government to invest. I think we should see that by the end of year that government has to invest big time because private sector is not investing. So if you have got a three years paradigm, the infrastructure sector is good," he said.