Reform-oriented governance reason for market outperformance: Mukul Kochhar

In an interview, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros

Tapering by the US Federal Reserve and inflation are the two biggest risks facing the equity markets, says MUKUL KOCHHAR, head of equities, Investec India. In an interview with Samie Modak, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros. Edited excerpts:
 
What are the key risks facing the global equity markets and India?
 
The key risks facing the global equity markets are tapering — slow withdrawal of excess liquidity by major central banks — and inflation. While we think that given India’s current account normalisation, we will