Indian economy can worsen further, market valuation too steep: Marc Faber

The government, in order to provide stimulus, has to be more active and involved in economic activity, says Marc Faber

The sudden attack on Saudi Aramco’s facilities saw oil prices flare up and dented sentiment across global financial markets. Marc Faber, Editor and Publisher of The Gloom, Boom & Doom Report tells Puneet Wadhwa there are pockets of value emerging across the globe. However, at the current juncture, some part of the portfolio should be in cash. Edited excerpts:

How are you viewing the debate around the overall economic slowdown in India?

The recent economic data has been very disappointing. We are not in an overall recession, but some sectors like automobiles are suffering. This suggests consumption is not particularly