In India, the positive sentiment is also driven by expectations of an early rate cut, given favorable monsoon conditions and cooling inflation. Some MPC members have even hinted at the need for growth-focused policies. Foreign Institutional Investors (FIIs) are now back, driven by FOMO (Fear of Missing Out) on India’s growth story. Where FIIs once saw Indian valuations as stretched, they now fear missing out on gains and paying more to re-enter.
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