Would shift money from China to India: Mark Matthews
July 20th, 2009
There is room for further upside in India even as valuations of Indian stocks were not entirely cheap, Mark Matthews Asia Pacific Strategist at Fox-Pitt Kelton, said. In an exclusive interview to CNBC-TV18, Matthews said he expected India to grow at 7% next year and added that he was not too alarmed by the country’s state of fiscal deficit. “I was not disappointed by the budget,” he said, adding that we would shift money to India from China where he saw asset bubbles forming.