Majority of Indian family businesses may be looking to divest their stake to professional managers to run their business.
The Indian market has been a tad tizzy over the past few months on the back of discomforting inflation and growth numbers. There are a lot of near-term pressures in the market here, the biggest being inflation, says Barclays Wealth's Asia strategist Manpreet Gill.
In an interview with CNBC-TV18, Manpreet Gill, Asia strategist at Barclays Wealth, spoke about his reading of the markets and the road ahead.
Manpreet Gill, Asia Strategist at Barclays Wealth told CNBC-TV18 that the events out of West Asia have certainly rattled sentiment, with everyone now focusing on what the risks surrounding these events are. He says the what-if scenario is becoming a very potent question which everyone is discussing.
Barclays Wealth is concerned about impact of inflation and monetary tightening, and is still not comfortable being "overweight" on India
In an interview with CNBC-TV18, Manpreet Gill, Asia strategist at Barclays Wealth said valuations for Indian markets are currently at much more sanguine levels after the recent correction.