GST good for fiscal strength of the country & economy in general: Mark Matthews

In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer & Co and James Glassman, Senior Economist at JPMorgan shared their views and reading on global markets.

Markets are strong because the global picture looks good despite all this geopolitical noises going on, said Glassman.

The outlook on emerging markets (EMs) is still very positive and the picture is still pretty good for the EMs, Glassman further mentioned.

On goods and services tax (GST) transition, Matthews said that the imposition of it has been a problem for small businesses on the ground but over time it will work itself out. Long-term it is very good for the fiscal strength of the country and the economy in general, he added.