He said that when investors are being sold to India, it is believed that India will face more hostility than the rest of the world than China has done during the last few decades.
Damodaran comments come as a world, including India, quarrel with a new reality of trade uncertainties, mostly in the US. Is driven by President Donald Trump.
In recent weeks, Trump has announced punishment for uniform tariffs against allies and opponents, selected them and imposed them, doubled and then half, and warned that he would tax European wines and spirits on stratosphere 200%. As far as India is concerned, the risk of mutual tariffs is huge, which the President said that from next month.
“The world that plays a trade war, will be much different than the existence of globalization,” Damodaren said.
Global markets have been sent to the tail due to fear of trade war. Last week, Nasdaq recorded one of the biggest decline in the recent past. The following sessions received a slight re -recovered in the index.
In India, too, the spirit of investors was weighed due to trade tensions, which are at risk for the acquisition of global economic reactionery. Concerns about continuous FII outflows on India and potential reactions to US tariffs reduce the market confidence by increasing uncertainty on Q4’s earnings. FIIA cash segment will pay Rs. A net flow of Rs 5,729 crore was recorded.
Analysts say that the constant policy pivotes from the administration on the tariff have left uncertainty about what investors have to come and how the economy can affect.
The wide horizon, moving forward, is full of dark, ominous clouds, powered by some key macro events. US The Fed will announce its decision on interest rates this weekend, which will hint to move in the direction of the market.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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