Fed downshift, China easing may cause India to underperform: Raychaudhuri

'Investors are now beginning to understand that on an absolute basis, India is not really that overvalued'

Samie Modak
Last Updated at November 21, 2022 06:30 IST

Manishi Raychaudhuri, Head of Asia Pacific equity research, BNP Paribas

India’s outperformance over the past year is largely due to troubles in the developed world and China. Two pivots — US Federal Reserve’s (Fed’s) downshift and relaxation of Covid restrictions in China — could lead to India’s underperformances, says Manishi Raychaudhuri, head of Asia-Pacific equity research at BNP Paribas. In conversation with Samie Modak, Raychaudhuri says India is expensive on a relative basis, not so much on an absolute basis. Edited excerpts:

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