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economy | IST

Liquidity, investment should be key focus for next government, says Quantum Securities

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Volatility in the market is a mix of everything that is playing around us and not just elections in India but just two tweets by President Trump caused panic across the world, said Sanjay Dutt, director, Quantum Securities.

The next government after the 2019 Lok Sabha elections should focus on liquidity and investment as companies have been struggling in terms of growth for last few quarters, said Sanjay Dutt, director, Quantum Securities.
“It is important for the government to kick start on investment and investment cycle in the country. It is important for the government to ensure that liquidity is available at the right cost to the industry, which obviously would lead to jobs,” he said.
Voting for the sixth phase of 2019 Lok Sabha elections has begun. Polling is being held in 59 constituencies in six states and Delhi.
He further said, “We cannot completely rely on public investment, we have to get the private sector also coming in. Private sector had lot of problems relating to bank NPAs etc and so those kind of issues and were stuck. All those are more or less behind us or towards the end of it."
"So if the government comes out with major decision in policies; particularly, we need understand that we do not need to be against investment from overseas or we don’t need to be selective that we want money for this, we don’t want money for that because we are capital starved country and that is the same for every country at our stage of growth, we have a huge working population coming in every year and so we need to find solutions. We need to get in hordes of capital from anywhere in the world, so that productive capacities here are set up, jobs are generated, growth comes in,” he said, adding that cost of capital is key issue which industry plagued with.
According to him, volatility in the market is mix of everything that is playing around us and not just elections in India but just two tweets by President Trump caused panic across the world.