Mark Matthews on RBI rate hikes and expected Nifty returns

Mark Matthews, MD of Julius Baer, believes that a stable government is required for the infrastructure story to be executed successfully, and he views India’s government as stable through next year’s elections. The Fed, according to Matthews, will follow the Bank of Canada and the Reserve Bank of Australia and remain on pause, which will help relieve pressure on the Reserve Bank of India. Matthews expects high teens earnings and return in the Indian stock market.