India is a highly promising macro-restructuring case: Christian Gattiker

Christian Gattiker, in an interview with Puneet Wadhwa tells that he has a neutral view on the Indian equity market for now, given the rich valuation

It has been a choppy few sessions for the markets, which saw a runaway rally post the cut in corporation tax rates but later witnessed profit booking at higher levels. Switzerland-based Christian Gattiker, chief strategist and global head of research Julius Baer, tells Puneet Wadhwa that he has a neutral view on the Indian equity market for now, given the rich valuation. Edited excerpts:

What is your view on global financial markets amid recession fears?

We are constructive on risk assets as a broad global recession will likely be avoided; monetary policies are supportive and fiscal stimuli are likely. We see little