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India to outperform Asian, EM peers; high valuation a challenge: Chris Wood

Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.

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Christopher Wood

Puneet Wadhwa New Delhi
Indian equity markets are likely to outperform their Asian and emerging market (EM) peers, wrote Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear.

“The valuation differential between India and China has reverted to its traditional mean after the huge 65 per cent outperformance of MSCI China over MSCI India since the end of October 2022 to late January following the China re-opening. This sets up the potential for renewed outperformance by India in an Asian and EM context. The domestic demand story certainly remains intact to justify the continuing belief

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First Published: Mar 24 2023 | 10:37 AM IST

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