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Akash Prakash: Debunking two worries

Are India stocks over-owned? And are they too expensive?

Akash Prakash

I had the privilege to attend the recent Morgan Stanley Asia conference in Singapore. It is their flagship regional conference, and extremely well attended and organised. At this same conference, for the last few years, there has been absolutely no interest in India. Indian companies were given the smallest presentation rooms, and even these were half full with mostly Indians in attendance. The picture could not have been more different this time. All the India presentations were in the biggest rooms and totally packed, mostly with foreigners. Throughout every conference presentation, even ...