Oil prices, not 2019 election key risk for Indian market: CLSA's Chris Wood

Despite the headwinds in the form of oil prices, monetary tightening, state and general elections, Indian equities face over the next one year, CHRISTOPHER WOOD, managing director and equity strategist at CLSA tells Puneet Wadhwa at their 21st India Forum that he is not altering his allocation to Indian equities just yet. The Narendra Modi government, he says, is right in complaining about the RBI's tight monetary policy given the inflation data. Edited excerpts:

What’s your view on how the equity markets across the globe have played out over the past few months?

The correction in the Asian markets on