Should the markets be worried with the exit policy?

Some analysts that an exit by the central bank, which in some way has already started by the October policy and will only accelerate from hereon, will reaffirm the growth environment that Indian equities are dealing with and therefore cause markets to actually do better.

If we have a look back at 2004-05. That was the period when the Reserve Bank of India(RBI) had started tightening and equities actually did quite well in that period because it just reconfirmed that we were in an accelerating growth environment.