Indian markets can withstand a somewhat expensive multiple: Jonathan Garner

For foreign investors, there is a good opportunity to buy Japan, Korea and Taiwan in the Asian region, he said in this exclusive interview on the sidelines of the Morgan Stanley India Investment Forum

Morgan Stanley has not changed its stance on Indian equities in the last few months despite a healthy correction from the peak levels in frontline indices. Puneet Wadhwa caught up with JONATHAN GARNER, Asia Equity Strategist at Morgan Stanley on the sidelines of the Morgan Stanley India Investment Forum in Mumbai, on his interpretation of the global equity landscape, and his views on the Indian markets. Edited excerpts:

Most global frontline benchmarks, be it the NASDAQ, S&P 500, or even the Sensex, have actually gained ground over the past few months with only a handful of stocks participating in the