 "Mark Matthews, managing director and head of research for Asia at Julius Baer")
It has been a painful week for the Indian equity markets as indices slipped after the Budget proposals that negatively impacted foreign portfolio investors. Mark Matthews, managing director and head of research for Asia at Julius Baer, tells Puneet Wadhwa that mid- and small-caps appear attractive given their reasonable valuations. Edited excerpts:
How credible do you find the Budget and the Economic Survey math?
The government’s revenue estimate is aggressive, considering the currently weak economic environment and a shortfall in the actual FY19 numbers. Expenditure numbers are not a surprise as they are basically the same as what was presented in the
