Pankaj Vaish of Citi believes the love affair of investors with emerging markets is still country-specific and although the excitement seen during 2007 and 2014 has moderated, India can recover, like any other country, if it gets its house in order
China, according to Pankaj Vaish, head-markets and securities at Citi South Asia, is quite weak despite its GDP growing 6.8 percent year-on-year (YoY) in the third quarter. That is the thing with China, the real numbers is much lower than the data released, he says
In an interview with CNBC-TV18, Pankaj Vaish, Head - Markets & Securities, Citi South Asia, outlined his view on the Federal Reserve's expected interest rate hike and when he sees corporate earnings turning in India.
Pankaj Vaish, MD & HD - Mkts (South Asia), Citi says one shouldn't get too hung on the ieda of what the fiscal deficit will stand at at the end of three years.
In an interview to CNBC-TV18, Pankaj Vaish, managing director, Citi, says the market needed to pullback a bit as the earnings for the quarter gone by are extremely soft and there has been quite some panic in the bond market.
Speaking to CNBC-TV 18, Pankaj Vaish, Head of Market, Citi South Asia, said India has been relatively in a better shape than other emerging markets, adding that if the selloff comes with a serious China slowdown, then it could be a cause of concern.
The recent rally seen in most emerging markets, which is fuelled by global liquidity could extend a bit more, but the Indian market will largely remain rangebound until fundamental issues are fixed, says Pankaj Vaish, Head South Asia Markets, Citi Group.
Pankaj Vaish of Citi said he is most concerned about rupee. The argument about the dollar strength also seems overdone because the dollar hasn't really moved that much in May. He said the dramatic fall against the dollar cannot be blamed onto excessive buying of gold alone.
Pankaj Vaish, MD and head of markets- South Asia, Citi says, in an interview to CNBC-TV18, that strong legislation, agresseive RBI policy and favourble global cues are key to a 6-percent GDP growth
In an interview to CNBC-TV18, Pankaj Vaish, MD & Head of Markets-South Asia, Citigroup shared his reading and outlook on market and Union Budget 2013.
Citi bought together a power-packed panel to dicuss the Indian growth story.
Foreign investors see tremendous growth opportunities in India and can infuse FDI worth about USD 250 billion a year, but they want a guarantee for a progressive and investment friendly policy framework, a top management guru has said.
If present finance minister Pranab Mukherjee were to become the President of India, then how about having current Prime Minister Manmohan Singh as the Finance Minister? This strictly "personal" thought and "crazy" idea occurred to Pankaj Vaish, Citi's MD & Head of Markets, South Asia.
The world is in a mess and turmoil. Investors are jittery about the world crisis and concerned about investing particularly in India. However, the risks are severe this time as India has to address it own macro problems more than the Greek crisis.
In an interview to CNBC-TV18, Pankaj Vaish, MD, head of markets of Citi, South Asia said, the markets will be in a deep trouble, if the Nifty falls below 4,800. Valuations, he said, will look decent at 4,750-4,800. According to him, the Indian markets cannot rally, until there is global clarity.
There are expectations that the US Federal Reserve may introduce a third round of quantitative easing (QE3). In an interview with CNBC-TV18, Pankaj Vaish, MD and head of markets, Citi, South Asia said although there is no direct correlation between Indian markets and QE3, but another round of quantitative easing will not be good for India.