In an interview to CNBC-TV18, Robert F Baur, Executive Director & Chief Global Economist of Principal Global Investors spoke at length about the markets globally.

Speaking about India, he said India has bright prospects. It has best demographics than any country that is not in a dictatorship today.

He sees bright prospects for India going ahead.

On global front, he said long-term debt growing faster than nominal growth in China.

Baur see more upside in stock markets globally.

According to him, European markets are currently underpriced.

Probability of a war with North Korea is very small, he mentioned.