Domestic Tourism An Emerging Sector To Watch, Says Shikhara Investment's Rahul Chadha

Airports are another good bet as they are linked to tourism, he said. The public sector undertakings, which were not considered appealing earlier, are also a sector to consider as the Union government has been limiting its intervention, Chadha said.

Banking and finance, real estate and hospitals are other sectors that he would include as a portfolio manager.

The policymakers are making good choices consistently and that has helped build optimism for India. The government is creating a right framework for global companies to come and invest, according to Chadha.

Chadha also sees potential in China. "In the second half, there is opportunity in China. That market is almost being written off by the market participants." Officials in China have reached the point where they will do whatever they can to revive the economy, he said.