Coronavirus has weakened the investment case for Indian assets, says BlackRock
India's economy has come under pressure from the coronavirus pandemic at a time when growth was already slowing, said Neeraj Seth, BlackRock's head of Asian credit."India entered the whole situation of Covid on a weaker footing ... and if anything, the lockdown and the slowdown of economy only put more pressure on the banking system," he added.
"Overall it leaves the case a bit weaker," Neeraj Seth, head of Asian credit at the investment giant, told CNBC's"India entered the whole situation of Covid on a weaker footing ... and if anything, the lockdown and the slowdown of economy only put more pressure on the banking system," he added.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An Indian State Tells Quarantined Folks: 'A Selfie An Hour Will Keep The Police Away'To track people placed under home quarantine, the government in one Indian state is using a new app that follows users' movements — and asks them to submit hourly selfies to prove they haven't left the house.
Read more »
Indian PM extends lockdown to May 3 as coronavirus cases cross 10,000Indian Prime Minister Narendra Modi on Tuesday extended a nationwide lockdown until May 3 as the number of coronavirus cases crossed 10,000 despite a three-week shutdown.
Read more »
Investors are scouting an unlikely corner of the stock market: Indian private sector banksBig bank stocks in India are falling like nine pins. Some investors believe that the gloominess might be overdone.
Read more »
Indian police officer's hand chopped off in sword attack during coronavirus lockdownAn Indian policeman's hand was chopped off with a sword and six other officers were severely injured when they were attacked while enforcing coronavirus lockdown measures in northern Punjab state on Sunday morning
Read more »
Indian police officer's hand chopped off in sword attack during coronavirus lockdownAn Indian policeman's hand was chopped off with a sword and six other officers were severely injured when they were attacked while enforcing coronavirus lockdown measures in northern Punjab state on Sunday morning.
Read more »