Uncertainty in China shedding positive light on India: Nadia Elbilassy
Nadia Elbilassy, Market Analyst, Equiti Group, says as India grows with this positive traction over investment and especially since the beginning of China's having the problems with the property sector, we have seen a lot of traction go into India and that is promoting confidence within investors, that it is promoting a lot of new opportunities and business openings in India itself.
The Indian growth story is in a sense contrary to the global growth story right now. China is the weakest link, but global economists are worried about these tightening financial conditions amidst rising debt in world economies. How do you see India's GDP growth against the kind of growth numbers that you are reading across other economies like that of the US?
Definitely there has been a slowdown in most global economies, not just India.
For sure, India is now taking a lot of traction because of China's slowdown and China's problems that keep on arising. It’s true China has stimulus measures, but they still have a lot of problems and fear is mounting and uncertainty going on into China and that is shedding positive light on India and that is what I see from my perspective.
How do you see India's balance of growth and inflation control versus other leading economies? Does the RBI's rate action in the recent past inspire faith in India as an investment destination among foreign institutional investors? Has that changed over a period of time?
As India grows with this positive traction over investment and especially since the beginning of China's having the problems with the property sector, we have seen a lot of traction go into India and that is promoting confidence within investors, that it is promoting a lot of new opportunities and business
