This should be a benign year for FII flows into India: Akash Singhania

Interview with Akash Singhania, deputy chief investment officer, at DHFL Pramerica Asset Managers

The market's direction in the near term would be driven by global factors, rather than local ones, says AKASH SINGHANIA, deputy chief investment officer (equities), at DHFL Pramerica Asset Managers. In an interview with Ashley Coutinho, he says implementation of the goods and services tax (GST) and a lacklustre export environment could drag earnings growth below consensus expectations. Edited excerpts:

Your outlook for the market?

Indian equity markets have shrugged off domestic and global concerns and moved up this year, in line with other emerging markets (EMs). A good macro, continuation of reforms and domestic liquidity has contributed. Despite differing fundamentals,