It's time to buy India, not sell, says Jefferies' Wood

It's time to buy India, not sell, says Jefferies' Wood

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http://timesofindia.indiatimes.com/articleshow/123351702.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

MUMBAI: Christopher Wood, a leading analyst on emerging markets at global broking major Jefferies, has suggested that India should not bow to US President Donald Trump's pressure tactics relating to higher tariffs. He advised Jefferies' clients to buy India, rather than sell, given the current global situation.

Wood also indicated that the way Trump is going against some of the world's largest economies, it would push at least the Brics-the block of Brazil, Russia, India, China and South Africa-towards de-dollarisation. De-dollarisation refers to a trade process, where rather than using the US dollar as the currency for trade between two countries, the partners trade in a non-dollar currency.