We're overweight India in Asian equity portfolio: Manishi Raychaudhuri

The key risks in 2022 are the possible 'overtightening' of monetary policy by central banks and the spread of new Covid variants

The new Covid strain has dented sentiment across global financial markets over the past few sessions. MANISHI RAYCHAUDHURI, head of Asia-Pacific Equity Research, BNP Paribas, tells Puneet Wadhwa in an interview that though Indian valuations appear stretched, in an environment of rapid economic recovery and earnings estimate upgrades, investors may be over the medium term willing to back a market with earnings visibility and not focus only on valuations. Excerpts:

The new Covid variant has wreaked havoc across global financial markets. How do you see 2022 shape up for equities as an asset class? 

Asian equities should generate higher single-digit or low