Oil prices will hurt India, but it won’t be a disaster: Chris Wood, CLSA

Has fear replaced greed in world markets? It has started to.

Donald Trump has increased his rhetoric on China. What is your assessment of the developments? Politics has replaced the actions of central banks as the most important driver of world markets. If the US president remains committed to the combative agenda as regards China, then investment restrictions could prove more destructive of the bilateral relationship over the longer term than tariff hikes.

You have reduced weightage on India in recent months. What is your outlook on India currently?

I reduced rating at the start of the year because it was obvious that monetary tightening and a higher oil price would be negative for India. So far, the Indian markets have been impressively resilient given the external factors. Read More

India, Oil Prices

Oil prices will hurt India, but it won’t be a disaster: Chris Wood, CLSA added by The Economic Times on July 9, 2018
View all posts by The Economic Times →