“If you look at Nifty’s one-year forward PE, it is 19 times. If you look at the long-period average, which is the 15-year average of Nifty, it is at about 18.5 to 18.6 times. So we are bang in line with the long-period averages. It is not correct that India is trading at a substantial premium versus its averages,” Duggad told ET Now. | Subscribe To Our Free Newsletter |
