Despite the unrest and turmoil in Egypt, the US markets sharply higher hitting multi-year highs on Tuesday. However, an unstoppable sell-off for the fifth consecutive session dragged the Indian equity benchmarks to five-month lows on Tuesday.
Talking about the road ahead for emerging markets, Jim Walker managing director of Asianomics tells CNBC-TV18, that the indices here have been experiencing strong headwinds in 2011. "This year will be difficult for emerging markets, with food inflation and rate hikes continuing to be a major cause for concern," he states. He expects the Reserve Bank to hike interest rates further this year. Walker also expects Europe to experience a slowdown in its growth path in 2011-12. Below is a verbatim transcript of Jim WalkerDiscover 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!
