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Below are Views On There are clear indications of a sharp turnaround in the global economy By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"There are clear indications of a sharp turnaround in the global economy thanks to the massive monetary & fiscal stimulus, particularly from the developed world. Macro data from the US like jobless claims and retail sales point to a smart rebound in the world's largest economy. The second-largest economy China too is doing well. This augurs well for the global economy in general & EMs in particular. In India, increasing restrictions on economic activity will impact growth in FY 22. Looks like the restrictions will last till the end of May. Even if GDP growth declines by 1% India is likely to end FY 22 with a growth rate of around 10%. From the market perspective, the decline in US 10-year yield to 1.56% and the resumption of FII buying ( Rs 980 cr yesterday) are positives. Even in the context of bad Covid numbers, the market is likely to remain resilient"

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