Скачать или смотреть Christmas Countdown Day 8 - India

Day 8 of our Christmas Countdown series revisits India with a more nuanced lens. Despite a powerful structural story, Indian indices have been broadly flat over the past year and have underperformed the S&P over one, three, ten and fifteen year horizons. Earnings disappointments, the absence of big listed tech/AI winners and net selling by foreign investors have weighed on returns. We discuss why the outlook for the current financial year is more constructive on earnings, and why India now looks best positioned as a structural EM overweight and a lower-correlation, lower-volatility diversifier alongside US equities rather than a direct rival to the S&P and Nasdaq.