‘The Bud­get Should Be Seen as a Plus’

The Economic Times - - Companies: Pursuit Of Profit -

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.

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