Let's Talk Money: Energy subsidies must go, reforms needed

Let's Talk Money looks at how S&P's downgrade of India's credit outlook will affect investment and growth in the country. S. Naren, chief investment officer, ICICI Prudential Mutual Funds, says good monsoon and poor global economic health will play an important role in determining India's growth track. He, however, says that fuel subsidy should be done away with. Equity markets, he says, will do well once there's some clarity on the reforms front.