These are the words of Philip Lynch, the chief executive officer of Nomura Asia Holding, who talked to Economic Times.
India is the ‘place to be’ for long-term investors, believes Lynch. “Just cheer up… it’s not so bad out here,” is his advice. As he says:
“Not everything is bad… to list a few positives, corporates are in good shape, leverage is low and corporate cash balances are high. I don’t think governments will allow asset prices to decline beyond a point. Quantitative easing might be coming to an end, but governments will make sure there is enough liquidity and fiscal support. I am not saying that next year or year after that will be particularly smooth sailing for Asian countries. But then, if you want long-term opportunities, Asia, in general, and India, in particular, are the places to be.”