happened because the amount of money involved in this process was huge around rs 8 lakh crore since the mid and smallcap selling induced by the factors mentioned above is already over mean reversion process will start nowwhat are the sectors that are expected to lead the growth in coming yearswe are now bullish on the consumption theme autos private sector banks and nbfcs it and pharma we are already a 25 trillion economy and growing fast organised retail should do welldo you have any specific preferences within the auto sectorno we are bullish on all segments this growth will come from the domestic market and from exports auto components will also do wellis the bullishness in export sectors like it and pharma due to the recent weakness in the rupeeno both it and pharma are secular growth stories it will benefit from the digital transformation happening across the world the banking and financial services sector is the main contributor of domestic business for it companies and they continue to maintain it it spending by these companies are not oneoffpharma is still facing headwinds so why are you bullish on itthe indian pharma sectors main problem was the fall in generic drug prices in the us and the prices have started bottoming out with some big generic players cutting production because they are not making money the generic price erosion we saw in the last few years will taper off product approvals are happening and most us fda related problems are also coming down more importantly indian pharma companies are now shifting from generics to formulationswhy are you bullish on private banksin private banks there is clear visibility on growth and this growth is happening at the expense of psu banks continued recapitalisation and equity dilution happening that too at very low prices is the next issue with psu banks even if their profits go up in future eps will not go up because the number of shares are increasing at a faster pace and without increase in eps how can the share price go up