With Wuhan-based coronavirus spreading fast outside mainland China, risks to global economies could become more pronounced in the next quarter at a time when the global growth is slowing. While the potentially slower global growth is being reflected in our debt market with yields trending lower, it has not yet been reflected in our equity market, SHYAMSUNDAR BHAT, chief investment officer of Exide Life Insurance, tells Nikita Vashisht. Edited excerpts:
The coronavirus outbreak is continuing to spook sentiment. Despite steps taken by China, the growth forecast for India and the rest of the world have been cut. How do you see the development playing for the markets?
The Coronavirus outbreak would impact the growth not only in China but many other large economies which have trade linkages with it. This is particularly in light of the fact that China’s linkages to global GDP has