Although India faces many challenges, overseas investors should stay committed to investments in India
Global investment bank, UBS, is of the view that liquidity will improve in the stock market in India, and that its attractive valuations will help perform better in relative terms.
UBS has upgraded Indian stocks to ‘overweight’. Compared to growth markets in Southeast Asia, the Indian market has attractive valuations. Improvement in trade balance will, in turn, push up liquidity in the market.
Although India faces many challenges, overseas investors should stay committed to investments in India. The challenges will not only be political, but also in balance of payments.
“We think the risk is worth it—that either improved risk appetite globally helps lower domestic rates, or that in the coming months an improving trade balance does the same," UBS said.
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