Moneycontrol
Last Updated : Jan 24, 2018 08:48 AM IST | Source: CNBC-TV18

Expect Budget 2018 to be prudent & sensible: Geoffrey Dennis

In an interview with CNBC-TV18, Geoffrey Dennis, Head-Global Emerging Market Strategy at UBS shared his reading and outlook on the Indian market as well as his expectations from Budget 2018.

CNBC TV18 @moneycontrolcom

In an interview with CNBC-TV18, Geoffrey Dennis, Head-Global Emerging Market Strategy at UBS shared his reading and outlook on the Indian market as well as his expectations from Budget 2018.

We are a little bit more cautious on India now. We think India is going to be more in line with emerging markets (EMs) overall. Although India has done well in the last two-three weeks, EMs have risen very strongly, so India is underperforming, he said.

Click here for full Budget 2018

According to him, India has had a very good 2017, India’s long-term story remains intact and it is one of the best EMs from a long-term perspective.

Speaking about inflows into EMs, he said there has been an enormous inflow of money into EM funds at the beginning of 2018.

Indian Budget has been a market moving event. We are looking for a relatively prudent and sensible Budget 2018, said Dennis.

For full interview, watch accompanying video...
First Published on Jan 24, 2018 08:43 am

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