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India's $3.8 Trillion Market Moment As G-20 Leaders Meet At Delhi
NDTV
Boosted by one of the world's fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, India's equity benchmark is also approaching an all-time high.
A record stock-market valuation and surging foreign inflows make for a great backdrop as Prime Minister Narendra Modi looks to tout India's growing prominence to world leaders at this weekend's Group of 20 summit in New Delhi.
Boosted by one of the world's fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, India's equity benchmark is also approaching an all-time high.
The milestones are a stark contrast to many emerging-market peers, not least to neighbouring China, whose economic woes and struggling financial markets have become a source of frustration for global investors. In fact, troubles at its biggest EM rival have only burnished India's appeal. Developing-market money managers are now most overweight on India in their Asia portfolios as a "safe place to hide," while China ranks among their largest underweights, Goldman Sachs Group Inc. analysts wrote in a report earlier this month.