Gerard Lyons, chief economist and group head of global research at Standard Chartered Bank, in an interview on CNBC-TV18 speaks about the turmoil in West Asia and where Asian markets, including, India are headed on the back of the crisis.
He doesn't see crude going below the USD 100 a barrel and finds it highly unlikely to happen anytime soon. With the situation in Libya and neighbouring gulf countries becoming a heated topic, he believes oil prices will hover around current levels. With the commencement of the Indian budget, he says he sees India growing at 8-8.5% with the fiscal policy adding to the country's inflation woes. He also sees a need for further montary tightening by the RBI. Below is a verbatim transcript of his interview with CNBC-TV18Discover 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!
