In CNBC-TV18’s special series 'Wizards of Dalal Street', Ramesh Damani caught up with financial markets expert and well-known writer James Grant and asked him about the imperative lessons that investors should learn from the ongoing COVID-fuelled economic crisis.
While sharing his outlook on India, Grant said he had the highest hopes for the country before the last election and had expected Indian market to go through some modification and more reforms. He said that the Indian government's response to opportunities was disappointing.
Speaking about the US market, Grant said, "Unemployment payment is the most notable and well-intended move by the US government." However, he doesn’t think the US market is going to see a V-shaped recovery.