India's retail investors are underweight on equities: Valentis Advisors MD

Central banks are willing to slow down the economy in an effort to rein in inflation, said Jaipuria

Relentless selling over the past few months notwithstanding, foreign investors are looking at India as a ‘bright spot within the large global economies’, says JYOTIVARDHAN JAIPURIA, founder and managing director, Valentis Advisors, in conversation with Puneet Wadhwa. India, he says, is a great story, but one that is expensive in a relative context. Edited excerpts:

What’s a bigger worry for markets now: stagflation? Rising interest rates? Geopolitical tensions? Or liquidity-related dilemmas?

We must remember that after a sharp rally in the markets, valuations have become expensive. Against this backdrop, inflation has reared its ugly head. We are caught in a