Too early to say whether the worst is over or yet to come: Ritu Arora

Ritu Arora, Asia CEO & CIO, Allianz Investment Management Singapore says her expectation of Indian earnings at a compound annual growth rate is 8-12 per cent

After a healthy run in July, the markets seem to be consolidating and are likely to react to the ongoing June quarter earnings of India Inc. RITU ARORA, Asia chief executive officer and chief information officer, Allianz Investment Management Singapore, in conversation with Puneet Wadhwa, says her expectation of Indian earnings at a compound annual growth rate (CAGR) is 8-12 per cent. Edited excerpts:

Is it safe to say the worst is over for global financial markets? 

We are currently in the midst of a rate-hiking cycle that has started recently, and arguably in a belated fashion. It is too early