India one of many stronger rising markets: Gary Schlossberg
Gary Schlossberg, International Strategist at Wells Fargo Funding Institute, tells CNBC-TV18 tht India, in his view, is likely one of the stronger rising markets. The deal with home economic system is holding up fairly effectively for India, he says.Â
He expects the Fed and the ECB to change into extra aggressive with tightening of their financial insurance policies.Â
“Increased rates of interest will create one thing of a headwind or at the very least a take a look at for the Indian market. On high of that, we’re simply getting into a worldwide slowdown led by Europe, and to some extent, the US, and China making an attempt to jumpstart its economic system… We predict that can be solely partially profitable later somewhat than sooner. These would be the two key exams, I feel, for the Indian market between now and the top of the yr. We’re simply getting into that stage. And the true take a look at lies forward,” Schlossberg provides.Â
