Ahead of the interim budget and the 2019 general elections, CNBC-TV18 catches up with leading global market masters about how they are approaching India. We are also trying to glean the global context in which the Indian economy and the earnings are situated. Latha Venkatesh caught up with Caesar Maasry of Goldman Sachs to understand his views.
Maasry said, "The outlook for global equities looking into 2019 is contextualised by the phrase, it is late in the cycle but the cycle is not over."
On Indian equity markets, he said, "I don't think there are clear signs of deterioration in the fundamental outlook for India but we are trading at about 18 times forward earnings in Indian equities."
"For us, it is less about near term concerns with the fundamentals in India, it is more about that entry point, we think it is still a little bit stretched. That being said we have India as a neutral. So, we think it is in a core position of any emerging market portfolio and we would look for a better entry point," he added.