Anyone with a medium to long term perspective would want to be overweight India: Prashant Jain
The risks have been addressed and valuations are reasonable in the Indian market, says Prashant Jain, Founder of 3P Investment Managers. The markets have been range-bound for the last 18 months, which has led to moderation in multiples, and profitability is holding up well. Jain suggests returns should match earnings growth or nominal GDP growth, with valuations in terms of PE multiples trading at 16-17 times based on FY25.
