Consumption as a basket entering into election year looks to be a very sweet spot in the times of uncertainties where macro is clearly a challenge right now with crude at $80, rupee at $68, interest rate rising across the board, said Pankaj Tibrewal of Kotak Mutual Fund.

This year would be volatile and a year of bottom up stock picking even in the midcap space, he said.

In the next seven years India will add another India that means $2-2.5 trillion GDP will move to about $4.5-5 trillion GDP, added Tibrewal.