Indian stock valuations are somewhat less attractive, says David Jones

India is more fortunate than other EMs, as it is less dependent on imported capital, says Jones

With the first half of CY21 drawing to a close last week, New York-based DAVID JONES, senior investment strategist, BofA Global Research, tells Puneet Wadhwa in an interview that equities will generate lower returns in the second half. He expects those returns to be more volatile. Edited excerpts:

The markets are now accustomed to excess liquidity. Will the Federal Reserve go ahead with its plans at the cost of sacrificing stability in global financial markets?

The Fed will not press ahead with a tighter financial policy if doing so constitutes a serious financial stability risk to the US. So, we