Hans Goetti, Finaport has expressed his views on India in Comparison to Asian Economies and his views need to be seen in light of current bullish trend in the market.
First of all the GDP numbers are built into today's prices that's no longer a surprise. The Budget might be a bit of a catalyst for a few things but, we don't expect much in terms of unexpected there as well. We think that the liquidity rally will continue. India is relatively well positioned within Asia from a valuation perspective, sentiment perspective and the prospect of much easier monetary policy. Other Asian countries have already lowered rates, India has yet to do so. Everybody is underweight India and as you mentioned there are lot of concerns out there. The bull market climbs the wall of worry and it will dawn on international investors as well that India still offers a very good upside. So, we think that India could outperform the rest of Asia for the year. We are of the opinion also that Asian markets will outperform developed markets at least for the next few months, maybe for the whole year.
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