Geoffrey Dennis, global emerging market strategist at Citigroup upgraded India to neutral from underweight a week ago. He feels that India is a significant beneficiary from the lower commodity prices. However, he believes that global slowdown could lead to correction in commodity prices.
Talking to CNBC-TV18 in an interview, Dennis expects fund inflows into emerging markets once the markets conditions stabilise. He also indicated that banks and financials would outperform going forward.
According to Dennis, Greece would default at some point in the next few months. He pointed out that the debt crisis could have a possible solution in the G20 meet. Here is the edited transcript of his interview. Also watch the accompanying video. Q: What do you feel about emerging markets? Is there is one more big dip coming or is this the buying opportunity?
A: It
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