We spoke to David Cornell, CIO of Ocean Dial Asset Management about the demonetization drive in India. This is reform on a large scale and will inevitably cause short-term pain. It remains to be seen what the impact of a probable short-term decline in GDP will have on the support for this measure. However, one should not underestimate the potential benefits of this move. This is a major reform and if successful holds the prospect for a significant positive rerating of India’s long-term
13 Dec 2016
Short-term pain, long-term gain
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Short-term pain, long-term gain
India Capital Growth Fund Limited (IGC:LON) | 160 -3.2 (-1.2%) | Mkt Cap: 139.6m
- Published:
13 Dec 2016 -
Author:
Saumya Banerjee -
Pages:
5
We spoke to David Cornell, CIO of Ocean Dial Asset Management about the demonetization drive in India. This is reform on a large scale and will inevitably cause short-term pain. It remains to be seen what the impact of a probable short-term decline in GDP will have on the support for this measure. However, one should not underestimate the potential benefits of this move. This is a major reform and if successful holds the prospect for a significant positive rerating of India’s long-term