COM - India Equity ETFs Are A Clear Sell On Overvaluation A Weak Indian Economy And Foreign Investment Outflows
- The Indian stock market is soaring despite a very weak economy and employment picture.
- FX depreciation of the INR against the USD and foreign portfolio outflows are a barrier to further gains and could catalyze a drawdown.
- Indian equity market valuations are at a sky-high level exceeding those even in the United States.
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India Equity ETFs Are A Clear Sell On Overvaluation, A Weak Indian Economy, And Foreign Investment Outflows