India remains a hot favourite among foreign investors: Jigar Shah

Interview with the chief executive officer of Maybank Kim Eng Securities

With the Assembly elections behind it, the market is preparing for the results season. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, in an interview to Puneet Wadhwa says he expects the earnings for 2016-17 to rise by 3-5 per cent, and for 2017-18 by about 9-10 per cent. Edited excerpts:

Are the markets under-estimating the global and domestic risks?

The global and domestic risks in the past few months have eased a bit. India continues to remain a hot favourite among foreign investors despite demonetisation and the US Federal Reserve’s decision to raise rates. The resilience in the