Jonathan Garner of Morgan Stanley said in an interview today to CNBC-TV18 that “India's current valuation premium of 30% is justified and is still on par with the long-term averages. The government’s actions are needed to maintain India's premium at current levels.”
He though the bear market was probably over in Asian and emerging markets, he couldn't say the same about the West. "We have upgraded India to ‘overweight’. Year-till-date (YTD), various emerging markets had seen inflows of over USD 40 billion," he said.
He though the bear market was probably over in Asian and emerging markets, he couldn't say the same about the West. "We have upgraded India to ‘overweight’. Year-till-date (YTD), various emerging markets had seen inflows of over USD 40 billion," he said.
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