I am not necessarily of the view that this will have to come at the cost of the investment economy or the investment portion of the portfolio. And therefore, to that extent, up until now that we were probably confronted with a situation where only one engine or one cylinder was firing, we probably now have the other cylinder firing for us as well from a market standpoint.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next