Talking to ET Now , says for a growth country like India , one has to look at growth sectors – finance, technology and manufacturing.Edited excerpts:I always say that there are waves of investing. If you look at the long wave, the long wave is definitely pro-India or pro-Indian market and emerging markets . The short wave could be volatile and this was a week full of disturbances and various things you cannot escape. But if you look at the longer-term wave, being driven by demographic, which in turn is driven by low growth in the western world and more growth in the emerging market world, we have a democracy which works and that is a very positive thing. You have to be positive on India and of course you will have to take some volatility because that is the nature of investing in emerging market.There is excess capital in developed markets while there is lack of capital in Indian markets. The capital has to meet the growth and this is where the India story is a very strong story. China is doing a great job but then there is more than one country can be stronger in emerging markets. There is so much of capital lying in the western world that for India to really channel and bring that capital home, reforms are needed which the government is doing.It is too premature to say that you know whether India has done everything that it was expected to do. I would say people have to put faith in reforms and support the government because there is no point fighting each other. It is time to unite and work with the government of India.I would say that for a growth economy like India, you have to look at the growth sectors. When you look at that, you automatically think of finance or technology I mean these are the major sectors and of course manufacturing. I do not look at single stocks so I may not be able to give you a lot of ideas on that but you have to look at the cyclical sector because that is where the growth is going to accelerate and that is where earnings are going to accrue and to me like I think that finance or banking is a heart of a growth for a developed economy.What makes the UK or the US great is that there is a very good intermediation system of raising finances. Without that. you just cannot support the economy. Hand in hand with that, it is going to be the insurance sector as well because you need the insurance also for businesses, entrepreneurs to take risk and to spread the risk because that leads to growth of an economy.These are the two sectors that I would look at. Technology sector yes because India still doing a lot of things for companies abroad. That should help but domestically focussed companies should be looked at and one should start building positions in those stocks but always choose from management that you trust. There is nothing that is better than management you can trust and they will deliver earnings.Do not go by multiples or what is the latest hot stock. Go with the management you trust, go with the balance sheet you trust and even if you hold a few stocks in your portfolio, do that because that is not risk.