We're overweight on India and will remain so: Julius Baer's Mark Matthews

Mark Matthews, head of research for Asia at Julius Baer, tells Puneet Wadhwa that the markets at the current levels are pricing in more rate hikes than what will actually happen in CY22

With the FY23 Budget presentation behind us, all eyes are now on central bank policies that are likely to impact sentiment across global financial markets. MARK MATTHEWS, head of research for Asia at Julius Baer, tells Puneet Wadhwa in an interview that the markets at the current levels are pricing in more rate hikes than what will actually happen in CY22. Edited excerpts:

What is your interpretation of Budget proposals? Are the capex and growth GDP targets achievable? Have the proposals done enough to provide the much-needed demand push?

Both capex and GDP targets are very bullish and very achievable. It's better