The consensus remains bullish on India even after, or perhaps because of, recent currency reforms. We beg to differ. While Modi’s reform efforts have been impressive, only rivalled by Mexico following the global financial crisis, India still faces significant cyclical headwinds.
When the global financial crisis broke, central banks in the West copied from the Japanese playbook and introduced quantitative easing to boost growth and inflation. Now it is Japan's turn to borrow from the West with NIRP (negative interest rate policy) - are they running out of options?
Having spent a week in China rubbing shoulders with PM’s, brokers, policy makers and anyone else I could get a meeting with, I found myself surprised by how imminent some risks in China were. In light of this, here are my top 5 things to keep an eye on in the coming months