Key Points
And what is happening is that unlike maybe 10-20 years back, when you probably had faith only in the top two-three names, now thanks to an extremely good regulatory environment, the regulators have been able to create a lot of trust and faith in the system..
A lot of the smaller players in India have been able to either create a very good liability franchise or raise a lot of capital from private equity funds and therefore today have enough cushion to grow at least for the next two, three, four years..
I do not know what will happen maybe five years or 10 years later but at least for the next two-three years, a lot of the smaller and specialised players in the banking and lending and credit space will probably do much better than the very large and the very obvious names..
People who essentially are supplying equipment and components and consumables to a lot of the infra projects or to some of the manufacturing companies, that space will do extremely well for the next one to three years..
From a more longer term perspective, pockets like specialised technology, specialised banks or specialised lenders, some of the fintech kind of businesses, discretionary consumption especially those where a very young growing middle class is beginning to tilt its consumption basket towards..
