India’s valuation premium persists
Despite the moderation in valuations, India continues to trade at a premium compared with most emerging markets. The Nifty 50 currently trades at about 18.9 times its one-year forward earnings, higher than Brazil’s Ibovespa at 10.3x, Hong Kong’s Hang Seng at 12.4x, and Indonesia’s Jakarta Composite at 14.7x.
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