India Struggles to Shake Off Pessimism After $1.3 Trillion Rout
Latest government figures show India’s economy will expand at a four-year low of 6.5% in the current fiscal year.
Photographer: Dhiraj Singh/Bloomberg
By Chiranjivi Chakraborty and Abhishek Vishnoi
9 March 2025 at 8:00 AM SGT
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Global fund managers are in no rush to load up on Indian stocks even after an unprecedentedlosing streak has lowered equity valuations.
That’s because the market is still grappling with challenges posed by an economic slowdown, profit downgrades and potential US tariffs. Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence.