International uncertainties such as the debt crisis in Greece would have an impact on equity markets globally, including India, a top financial sector expert said.
"The uncertainty in Greece will impact the Indian equity market as well those of other countries," UBS India CEO and Country Head Manisha Girotra told PTI on the sidelines of a FICCI event.
The global environment will continue to remain choppy for sometime following the debt crisis in Greece, Girotra said, adding that the contagion may spread to Spain and some other countries.
The UBS India chief, however, said that India would not be affected by the crisis in a major way. In India, the growth story "is intact" and the government policies are positive, she said.
"The country has a robust economy and our corporate sector is strong." When asked about if the interest rate regime would be going forward, Girotra said she expected a "gentle tightening of interest rates."
There is optimism of a good monsoon this time, she said. "We expect a good monsoon this year -- this will help in easing of high inflation rate." The prevailing inflation (9.9 per cent) is a reflection of last year's poor monsoon, she said.
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