India Has Fastest GDP Growth in Asia and Strong Fundamentals
The GDP in India is driven by private consumption. India has the highest earnings growth in Asia and strong profitability. Looking at our FVMR, India is relatively attractive in Asia and is mainly driven by strong fundamentals. Financials is the largest sector in India and accounts for 19% of the total market capitalization. In 2Q16 the best performing sector was Materials and the worst performing was Telecom.
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