Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy. ..Read more

As valuations come into a more sensible range, take a deep breath and hold your nerve. As valuations come into a more sensible range, take a deep breath and hold your nerve! ..Read more

Its health risks will become clear next week but its impact on the economy is already evident – it will be considerable. The economic impact of the novel coronavirus outside China has been limited to date, but the outbreak will undoubtedly damage the Chinese economy and pose a serious risk to global growth .. Read more

The government has wasted the chance to firmly establish its reform credentials. In a normal year, the Budget just presented by the finance minister (FM), would have been accepted by the markets without too much fuss. .. Read more

It will be a litmus test for the government’s reform credentials. On February 1, Finance Minister Nirmala Sitharaman will present in Parliament what will arguably be the most important Budget this government has formulated to date. .. Read more

Betting on the US was a winning strategy. Given that 2020 marks the start of a new decade, there have been multiple reports published highlighting the performance of various asset classes and markets over the last decade. .. Read more

It will be the year to convince global investors about India’s long-term bull case. As we come to the close of 2019, it is clear that the year has been a tough one for active fund managers in India. .. Read more

The markets are clear 5 per cent growth is not the new normal. Whenever I meet people involved with the real economy, they simply cannot understand how markets can be hitting new highs, when the economy is in trouble. .. Read more

Companies with safe balance sheets and clean governance have benefited disproportionately from elevated stock specific risks. Sunil Singhania of Abakkus Asset Manager has written an interesting piece on a bubble in quality stocks in India. .. Read more

India is well-positioned to benefit from a slowing China, provided it drives a growth and reform agenda. I had the opportunity to spend a week in the US, attending conferences and meeting with global allocators. .. Read more

With fiscal and monetary levers being pulled simultaneously, expect economic growth and corporate profit to accelerate. The finance minister surprised almost everyone on Friday with her announcements on corporate taxation. .. Read more

Policy measures taken to counter the slowdown are not enough. Selling of Indian equities by foreign investors continues unabated. .. Read more

We need to worry about a bubble building in the bond market. Something odd is happening in the bond markets globally. .. Read more

We need to see a concerted attempt to make India an easier place to do business. We have recently seen significant selling of Indian equities by foreign portfolio investors. .. Read more

Measures taken to strengthen the financial system are partially responsible for the debt crisis. The Indian financial system is going through an unprecedented clean-up. .. Read more

For investors to return to NBFCs, trust needs to be rebuilt in the financial system and its guardrails. There has been a degree of surprise among observers as to why the NBFC crisis continues to simmer and even worsen. .. Read more

This time round, it is the promoters who are grappling with intense liquidity shock. In India, over the past few years, we have seen an intense balance sheet deleveraging among large corporate houses. .. Read more

To benefit from the spending boom, we need guideposts to understand which goods will see a surge in demand and when. Now that the Chinese economy has started to slow structurally, many investors are looking for the next driver of global consumption. .. Read more

No need for fancy stock-picking. Investors have made a fortune simply by betting against government ownership. As one of my good friends keeps reminding me, the simplest and most profitable trade over the last decade would have been to avoid or go short on any company connected to the government in any form or fashion and go long quality stocks in the rest of the market. .. Read more

It is surprising to see equities underperform bonds for 19 years, of which the last 10 have been an equity bull run. I had the opportunity to read the latest CS Global Investment Returns Yearbook 2019, produced by the Credit Suisse Research Institute. .. Read more