India’s macroeconomic fundamentals have had a stable record and investor sentiment is more positive now, said Rajiv Memani, Chairman of the E&Y’s Global Emerging Committee. Many sectors like automobile and building space are seeing demand uptick. While the Index of Industrial Production (IIP) has disappointed, a good monsoon is very crucial for revival of economy, he told CNBC-TV18’s Shereen Bhan. “Large appetite to invest in various asset classes is there,” Memani said, adding, there is no shortage of liquidity in the global market. He expects fund flows to continue into India over coming months.
