Don't see much value in Indian stocks right now: Marc Faber

The largest footprint of the Modi government has been infrastructure spending, which I think is very important. This is one thing the new government must carry out, says Faber

With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report” tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks. Foreign investors, he says, would like to Narendra Modi get re-elected. Edited excerpts:

What is your view on India as an investment destination ahead of the general elections? 

I think Prime Minister Narendra Modi will be re-elected. Economy-wise, that will be favourable. As an investor, I feel Modi has done well during