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Foreign investors have space to allocate more capital to India relative to the recent past, according to global financial services group Morgan Stanley.
Jonathan F Garner, equity strategist at Morgan Stanley Asia, said recent reforms and improved hopes on growth may be an opportunity for foreign investors who had brought down their India bets in recent years, while speaking at an annual event on Wednesday.
“They have exhibited outflows from a structurally overweight position. They’ve been quite consistent since they peaked in 2014 when people were essentially double-weighted versus the benchmark. So broadly, the emerging market (EM) funds are neutral on India
