Unsure of economic revival, says Chris Wood; cuts India exposure

In his weekly note to investors, GREED & fear, Wood says Narendra Modi should not have allowed himself to be distracted by the execution of the BJP's agenda on Kashmir

Fading hope of a stimulus by the government amid a tottering economy, sub-par corporate earnings and the sudden focus on Jammu & Kashmir (J&K) that has added an additional negative to the Indian narrative has forced Christopher Wood, global head of equity strategy at Jefferies cut his exposure to India by one percentage point (1ppt) and allocate more to Indonesia.

In his weekly note to investors, GREED & fear, Wood says Narendra Modi should not have allowed himself to be distracted by the execution of the Bharatiya Janata Party’s (BJP’s) agenda on Kashmir which, like demonetisation, was planned in great