Neelkanth Mishra, an Asia Pacific and India Equity Strategist has shared his views on the RBI rate hike and equity market.
He has stated that the RBI has been very cautious in giving growth guidance. Changes in the US policy post covid were excessive which ledglobal disturbance. In India, the wages-indicator of adhesive inflation is not rising up.
Consequently, the rates of products are being hiked, especially in the US, where demand for goods and services has raised upto sky. Employment and finance are the most important demand which has now increased. Also, due to inflation and hike in rates, India will have a mixed kind of effect nationwide. Some will be positive, not because of the rise in rate but because of why the rates were been hiked.
Along with being an Equity Strategist, Neelkanth is also the Co-Head of Equity Strategy, Securities Research and Credit Suisse. He is a renowned entrepreneur and industrialist across the globe.
