Faster withdrawal of global stimulus can impact markets: Vetri Subramaniam

Valuations for mid- and small-caps are not as expensive as for large-cap stocks, but not they aren’t cheap either, says Vetri Subramaniam, group president and head of equity, UTI AMC. In an interview with Ashley Coutinho, he says the government should focus on developing urban infrastructure, including housing and health care, to meet the needs of migrants from the hinterland who constitute a large segment of the workforce in urban India. Edited excerpts: Has the market run ahead of fundamentals? It is not just the Indian markets that are at all-time highs. Several markets, i.....

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