Market participants heaved a sigh of relief after the government presented a pro-growth Budget that did not have any major tax implication for investment in the capital markets. London-based JAN DEHN, head of research at Ashmore Group, which has nearly $100 billion worth of assets under management, tells Puneet Wadhwa in an interview that if the finance minister and her team do not deliver on any of what they have proposed, the market can come off hard. Edited excerpts:
How are you viewing India as an investment destination after the Budget proposals?
The Budget was more stimulatory than expected, including a significant