My Best Pick 2016

"2016 will be a year to be conservative and risk-averse"

Shankar Sharma of First Global talks about why he believes 2016 is a year to be extra-conservative

In hindsight, we all got off cheap in the past 12 months. The markets are down about a percent in rupee terms and about 5% in dollar terms. Looking at the carnage in most emerging markets (Russia, Brazil, Indonesia, China), India has still held up ok. Which is precisely what I had written in my piece last year in this magazine, that we would be fine, relatively. But weren’t we supposed to be doing better than just a 1%-down year? Weren’t we supposed to be at the cusp of a new dawn, with a brand new leadership?