By Nandini Das
CNBC-TV18.com
Published July 18, 2024
In an interview with Ramesh Damani, Chris wood mentioned certain points about the bull run in India. Lets find out about the aspects that he shared:
Chris Wood says that the Indian bull market can never end
While briefly discussing about the NASDAQ topping out in 2000, Chris Wood mentions that the Indian Bull Market is a strong establishment.
In the case of India, he believes that the Indian bull market can never be terminated.
He said that arepeat of the 2002-2009 cycle is expected, which began with the upturn in the property market.
This was not undone by a monetary tightening cycle and then that morphed into a broader capex cycle, which is what happened in that period.
A monetary tightening cycle in India is being noticed hoping private sector investment cycle continues.
Under the Bharatiya Janata Party (BJP) government dramatic structural reforms over the 10-year period is showing result.