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Slowing growth but expensive valuation, fund managers not buying India story

India city Mumbai experts 2020 economy Government growth
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MUMBAI: An extended pandemic-induced lockdown, believed to be among the harshest in the world, has been a key contributor in Indian markets' rapid decline as a preferred destination for fund managers investing across emerging markets( EMs), say experts.

In the last three months, benchmark equity index Sensex has declined a steep 18.8% compared with a 7.5% fall in MSCI Emerging Markets index, which captures stock performances of mid- and large-cap companies in 26 countries.

Foreign institutional investors (FIIs) have aggressively liquidated their holdings of Indian equities and bonds in one of the sharpest sell-offs so far this year.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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How to entertain yourself when you stuck inside due to a pandemic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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