According to a recent survey conducted by Morgan Stanley, India is expected to outperform emerging markets in 2016.
However, as compared to second half of last year, there is considerable doubt among investors about the country. This year 52 percent respondents said they expected India to outperform while 85 percent respondents had said so in the previous survey which was conducted in the second half of 2015.
The investors’ concern is due to health of the global economy. They have withdrawn money from riskier assets including India.
But, the American financial services firm’s survey stated that a majority of foreign investors continue to have confidence in India’s growth.
Since the budget 2016-17 was presented, the Sensex has gone up 10 percent.
People rejoice sensex goes up
Foreign investors have pumped in nearly Rs 13,000 crore into Indian equities after withdrawing nearly Rs 26,200 crore in the first two months of the year.