Wait For Earnings To Pick Up Before Cheering GDP Recovery, Says Dalton Capital
The pickup in the gross domestic product does provide the long-pending macro support for the Indian markets, but wait till earnings to recover before celebrating. That’s the word coming in from UR Bhat, the managing director of Dalton Capital Advisors.
Indian market’s ability to keep foreign investors interested will depend on a host of factors including what happens with Brexit, North Korea, and U.S. interest rate trajectory, Bhat said in an interview with BloombergQuint.
Watch the full interaction here: