MUMBAI: India is expected to outperform emerging markets in 2016 although there is a considerable weakening of conviction among investors regarding the country compared with that in the second half of last year, according to a survey conducted by Morgan Stanley.
While 52% of the respondents in the survey said they expected India to outperform emerging markets this year, 85% respondents had done so in the previous survey conducted in the second half of 2015.
The concerns over the health of the global economy have triggered a risk averse sentiment among global investors, who had withdrawn money from riskier assets including India, and moved to gold and developed world bonds.
But the survey conducted by the American financial services firm showed that a majority of foreign investors continue to have confidence in India's growth story. The Sensex has gone up 10% since the Budget for 2016-17 was presented on February 29.
Great news...finally signs of development is visible after 60 years of looting by Congress
India shining and the rupee will become 95 to a dollar sooner then later
India is the lone shining light in the world economy at the moment when all other economies are facing crisis situation.
Thanks to MMS and UPA govt for laid foundation of strong economy which country will keep on reaping for long time to come
The indian economy is on the growth path and is strengthening, the inflation has since been checking there is no scam reported for the last two years this is vikas.
India has the potential to do this. Modi has the potential to get it done. But, the opposition does not want anything to happen.
And frogs are clapping for Morgan,
Yeah our leaders and politicians keep on fooling the people with India shining while India is really going to the gutter
Nobody can time the market.