India looks less expensive. Is it enough to bring FIIs back?
India’s valuation premium has declined sharply from its 2024 peak, even as competing emerging markets stage a sharp comeback. The question now for foreign investors: Is India starting to look fairly valued again? MSCI India’s premium over the broader MSCI Emerging Markets (EM) index rose steadily from 116% in 2022 to 164% in 2024, when…