Gains from expanding tax base will come in: Leo Puri

The demonetisation pain is likely to last till the end of current financial year, believes Leo Puri, MD of UTI Asset Management. The pain has already started easing with improvement in note printing. Speaking to CNBC-TV18’s Latha Venkatesh, Puri said demonetisation will be very good for the market in medium term. “Benefits of this (demonetisation) in terms of expansion base is very real and very likely,” he said.  While 2016 has been a year of uncertainties, 2017 will bring realignment to the world. Even with foreign investors withdrawing from India, domestic investors have not dried up yet. Puri expects analysts to once again turn overweight on India by middle of next year. 

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