Emerging markets like India are sailing through tough times at present. At one hand, mounting crude oil prices are creating heavy pressure on their equity markets and on the other hand, there are never-ending issues like inflation. In an interview with CNBC-TV18's Sonia Shenoy, Stefan Keitel, Global CIO at Credit Suisse said that inflation pressure in the emerging markets is mainly driven by rising food prices. However, he was positive on the GDP growth in the emerging markets.
Talking about capital flows, he said that capital flows, which are moving from emerging markets to developing markets, are a temporary phenomenon and we will see a trend reversal in the flows soon. From the investment point of view, he said,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
