India continues to be favourite emerging market: Aashish Mishra

Large foreign outflows since December are on global developments, particularly in US market: Mishra

Large foreign outflows since December are on global developments, particularly in the US market, says Aashish Mishra, head of securities services, Citi India. Mishra tells Samie Modak there were a lot of regulatory changes in 2016 affecting foreign investors, and the impact is playing out now. Edited excerpts:

The debt and equity markets saw outflows of $11 billion in the December quarter. What are the key reasons for this?

The selloff last quarter, especially after November, has been a function of global developments and the resulting change in the view towards emerging markets (EM) as a whole. India, being part