Is it going to be ‘sell India and buy China’ in 2023? Manishi Raychaudhuri answers
“If you look at the valuation of India, price to earnings or price to book terms is trading possibly at about 10% premium to its long-term average and still slightly lower than one standard deviation. So,it is expensive but not egregiously so compared to its own history. But compared to Asia ex Japan, the valuation premium of India looks relatively egregious.”
