 "Mukul Kochhar, co-head of equities, Investec India")
Cost of equity capital has risen in India because of the introduction of new taxes, said Mukul Kochhar, co-head of equities, Investec India. The government should take steps to improve business sentiment, which might weigh on India’s valuation premium to other markets, Kochhar told Samie Modak. Edited excerpts:
What factors are responsible for the latest sell-off?
The latest correction has both global and domestic elements to it. On the global front, the escalating trade war is threatening to push the major global economies into a recession. A weakening yuan typically sparks capital flight from emerging markets (EMs), which may put
