In this detailed interview, Mitali Mukherjee is in conversation with N. Jayakumar of Prime Securities on this week's market crash, where are the markets headed in the near future and what could be the road to recovery.

Jayakumar tells The Wire that in the backdrop of global market slowdown along with a global pandemic and rising oil prices, the Indian economy doesn't have enough shock absorbers which is adding to the trouble in the markets.

He says that India's central bank must step in quickly with regulatory or policy interventions.

The interview was recorded on March 12.

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