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ETMarkets Smart Talk: Indian market vulnerable as valuations at meaningful premium to global markets, warns Taher Badshah
"India has been a beneficiary of excess global liquidity, higher metal and commodity prices, and strong industrial demand in the post-Covid recovery phase, visible through the above trend growth in exports during the past 2-3 years. As global economies attempt to engineer a slowdown to control inflation, India's external sector growth can come under pressure even as domestic demand maintains strength."