‘The Budget Should Be Seen as a Plus’
Marc Faber, editor and publisher of ‘The Gloom, Boom & Doom Report’ says emerging markets will do well despite US President Donald Trump’s protectionist agenda. The US market valuations are expensive and protectionism is a ‘cancer’ that is unlikely to help Trump make America great again, he tells Sanam Mirchandani in an interview. Edited excerpts:
What is your assessment of the Budget? In general, Modi is trying to boost economic growth, and the idea to boost infrastructure in the countryside is desirable. Overall, you would have to look at the Budget as a plus than as a negative.