Goldman Says More Global Money Will Flock to India Post Election
- Some funds ‘hesitant’ to get into Indian stocks: Sunil Koul
- Goldman cites growing interest in India stocks from North Asia
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India may see accelerated foreign inflows into its $4.4 trillion stock market once the national elections are over, according to a Goldman Sachs Group Inc. strategist.
“There are some people who are still hesitant ahead of the elections, and once the election is behind us, you could probably see many coming to the market,” Sunil Koul, Asia Pacific equity strategist, said in an interview in Singapore. Lofty stock valuations are another oft-cited reason for staying away but earnings growth should address that, he added.