India Shining Streak Continues

The Indian equity market has outperformed major equity markets globally and is near its 52-week high. The quantum of foreign funds flowing into the Indian markets tells us how the world views India as an oasis in the global markets. Remember, till recently, emerging markets used to be considered risky, thus leading to capital outflows whenever the times were turbulent in global economics. Besides equity, India also stands out in terms of resilience it has shown when it comes to currency.