EU crisis over for now; India GDP to step up: DSP BlackRock

S Naganath, President & CIO at DSP BlackRock believes the Eurozone crisis has subsided for the moment. However, he feels the crisis could rear its ugly head later this year, leading to higher volatility.

In terms of the US economy, Naganath says, the debt ceiling issue will take centre stage. "These negotiations (around the debt ceiling limit) will be somewhat protracted over a four-six week period, till the end of February, which will contribute to higher volatility in global markets. But eventually we believe that the debt ceiling limit will be increased and thereafter we’ll see the economic recovery momentum in the US gathering pace into the later months of 2013," Naganath says. Watch video for Naganath’s views on the Indian economy.