Hold on to cash, cash is king
The government's decision to open up the retail sector was seen to kick start the stalled reform process in the country. However, that move has resulted in a political confrontation at the centre leading to further confusion among global fund managers. In an interview to NDTV Profit's Prashant Nair, KR Bharat, MD, Advent Advisory Services Pvt Ltd says that India needs to admit that there are problems before things could be set right.
