Calling the 2011 crisis as a 'more gradual slowdon' than the freeze in 2008, Mark Edwards of T Rowe Price says 2012 could be better for the emerging markets. "By 2012, the inflation in emerging markets will be under control, and people can then refocus on the growth," Edwards says in an exclusive interview with CNBC-TV18's Udayan Mukherjee.
Talking about India in particular, Edwards says he is 'slightly overweight' on India. He says India performed poorly in first half of the year due to a combination of policy action and increasing need for high rates to combat inflation. "India always is a bit more expensive than other EM's because the returns are generally higher. It probably has a little bit further to fall," he says. However, he also adds that within the next six months, the worst for the Indian market will be done with. Below is an edited transcript of Mark EdwardsDiscover 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!
