Markets may give single-digit positive returns for the year: J Jaipuria

"The market is not factoring in any major interest rate hike. The consensus is that we are close to a prolonged pause in the rate-hike cycle"

Sticky inflation and the possibility of longer-than-expected monetary tightening by global central banks, including the Reserve Bank of India (RBI), have made markets highly strung. Jyotivardhan Jaipuria, founder and managing director, Valentis Advisors, in conversation with Puneet Wadhwa, says India is in a sweet spot for the next few years if discussions with most foreign investors are any indicator and they wish to remain overweight on Indian equities. Edited excerpts:

How do you see the global equity landscape evolve in 2023?

Looking at historical data on how markets have played out, there is room for some optimism. While the market has some