scorecardresearchIndia’s attractiveness will grow to global investors, says Brian Friedman

India’s attractiveness will grow to global investors, says Brian Friedman of Jefferies Financial Group

Updated: 07 Nov 2022, 09:27 AM IST
TL;DR.

Friedman underscored that government policies are among the biggest reasons that have made India an attractive investment destination.

Friedman pointed out that for the near-term, fixed income looks more attractive, however, equities remain good bets for the long term.

Friedman pointed out that for the near-term, fixed income looks more attractive, however, equities remain good bets for the long term.

Brian Friedman, president of Jefferies Financial Group is positive about India and said that the spotlight may come to India as it never has before.

“I have renewed expectations that India potentially will accelerate, and its attractiveness will grow to global investors and global business operators. As the light moves from some other emerging markets, I think there is a great chance that it will find India. I have said to our team here that the spotlight may come to India as it never has before,” Friedman said in an interview with the Economic Times (ET).

Friedman underscored that government policies are among the biggest reasons that have made India an attractive investment destination.

“There seems to be greater consistency, confidence and clarity from the government. Everything from infrastructure, to the quality, sophistication, and drive of industry are all better,” he said.

Friedman pointed out that for the near-term, fixed income looks more attractive, however, equities remain good bets for the long term.

“Fixed income is likely to be more attractive in the near-to-intermediate future than it has been in the near-to-intermediate past because it can offer a real return again. But, over extended periods, equities should still generally provide better returns than debt because of their returns on risk,” said Friedman.

Friedman expects rate increases to slow down and dissipate into early next year.

“The Fed is likely to find a juncture next year where pausing and assessing will be the right strategy,” he told ET.

Friedman is of the view that the US will see a recession next year. “I won't venture a very precise thought, but rather suggest that there's a fair likelihood of some depth of the recession,” he said.

Disclaimer: This article is based on an interview done by the Economic Times. The views and recommendations given in this article are those of the analyst. These do not represent the views of MintGenie.

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First Published: 07 Nov 2022, 09:27 AM IST