In an exclusive interview to Moneycontrol, the Morgan Stanley managing director says interest rates in India are unlikely to be cut until the Federal Reserve begins reducing them. If the US economy lands soft, it will be good for India, he adds
The 2024 Lok Sabha elections are the most critical factor that could drive markets in the coming 12 months, Ridham Desai, managing director, Morgan Staley, has said.
In an exclusive interview to Moneycontrol, Desai said interest rates in India were unlikely to be cut before the US Federal Reserve swings into action. If the US economy sees a soft landing, it would be a unique occurrence that augurs “very well” for India.
Here are the six factors, which, Desai said, would be vital to watch out for in the coming 12 months. Catch the full interview live on November 28 at 11 am.
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