The chief economist said that India’s cautious approach is good though he is optimistic about the country’s growth prospects
Jim Walker of Asianomics is worried about the rising consumer prices and how they may affect the market. As consumer prices pick up, the policy makers, he said, will be forced to tighten policy while economic growth rises.
Jim Walker places India high up in his conviction list saying Indian equities will see unprecedented growth in next 5-10 years.
Jim Walker is overweight on India on imporving corporate earnings and subdued commodity prices.
Chinese market contributes 40 percent to JLR (the UK subsidiary of Tata Motors) sales. JLR had reported strong 17 percent volume growth over past 6 months in China.
Walker sees China's GDP growth slowing down to 3-4 percent in 2015
Having concluded a 3-year consolidation phase, Jim Walker of Asianomics anticipates another 20-25 percent growth in Indian equities.
Economic growth going ahead will be dependent on government‘s reforms ahead, Jim Walker, MD, Asianomics said.
Axel Merk, chief investment officer of Merk Investments, told CNBC that Fed members have been acting confused, and a lack of clarity in policy direction would continue to hurt the more vulnerable emerging markets this year.
In an interview on CNBC-TV18, Walker said oversold rupee, better corporate balance sheets, possible bottoming of growth in 2QFY14, and expectation that new government will be more receptive to policy needs are key reasons why he has elevated India to high-conviction buy list.
Jim Walker, Founder & MD, Asianomics explains how Federal Reserve move impact on different currencies.
Jim Walker, Founder & MD, Asianomics has explained how emerging market got impacted due to Federal Reserve decision.
Jim Walker, Founder & MD, Asianomics explains about the tapering exercise.
Federal Reserve was concentrating on reviving the economy and the way that they tried to revive the economy was to cut interest rates and as we all know they have cut interest rates to zero, says Jim Walker, Founder & MD, Asianomics.
As Lehman Brothers collapsed trust in the system disappeared and every bank was scared to deal with any other bank, says Jim Walker, Founder & MD, Asianomics.
Jim Walker, Founder & MD, Asianomics explains why the Federal Reserve is the most important central bank across the world.
Post Lehman crisis, market became more concerned with what was happening in the US rather than in India and that stays to this day.
Foreign investors have a cautious stance on the Indian market, says Jim Walker MD, Asianomics. He would be a buyer in Sensex at 16,000 levels.
India really need is a sensible, responsible fiscal policy to shore up government finances and economies, inflation rate in the economy to cool down, says Jim Walker of Asianomics.
Jim Walker of Asianomics warns against holding high hopes from the government this Budget season.
Jim Walker, MD of Asianomics believes global investors will continue to remain focused on Asia, helped by the fact that credit conditions in China have eased considerably.
According to Jim Walker of Asianomics, the fact that capital expenditure is not the factor driving growth in the country is a warning sign.
While announcing the Budget 2012, the Finance Minister Pranab Mukherjee said FY13 fiscal deficit would be at 5.1% of the gross domestic product (GDP). While announcing the Budget 2012, the Finance Minister Pranab Mukherjee said FY13 fiscal deficit would be at 5.1% of the gross domestic product (GDP).
All eyes are on the Budget now because world fiscal deficit, public debt position and government spending is being watched by everyone says Jim Walker, managing director of Asianomics.
There are many who are debating that gold is no more the safe haven, while there are others who are busy accumulating it for investment. Jim, Walker, MD, Asianomics still feels that gold is the asset calls of choice in 2012.