While he believes there will be pockets of value in equities, specifically Europe and Japan, Luke Spajic, EVP, Emerging Markets Portfolio Management, PIMCO, says the asset class is unlikely to achieve the kind of returns it has delivered in the past 3-5 years.
According to Sanjay Dutt of Quantum Securities the sudden fall in the market is nothing much to be perturbed about and could be termed as a healthy correction in a strong bull market.
The PM also made it a point to tell Barack Obama, Vladmir Putin and David Cameron among others that India would also reform its tax system and financial sector.