Tough for India to replicate the outperformance over EMs: Manish Gunwani

We have relatively strong growth and a healthy corporate earnings cycle as positives, but a worrisome current account deficit and high inflation as challenges, says Manish Gunwani.

It has been a choppy week for markets as they absorbed the outcome of the Jackson Hole symposium amid other global and domestic cues. MANISH GUNWANI, chief investment officer for equities at Nippon India Mutual Fund, in conversation with Puneet Wadhwa says it will be difficult for India to replicate the outperformance over emerging markets (EMs) in the last few quarters. Edited excerpts:

Did global equity markets celebrate the possibility of a fall in inflation and softer central bank policies too soon?
 

It does look like after a stiff correction in most assets globally in the first half of this