Global Funds Rethink India Promise as $2 Trillion Rally Stumbles
- Stock benchmark set for longest monthly losing run since 2001
- The “unbridled enthusiasm” has faded, Nomura’s Seth says
The equity selloff is likely to prune India’s GDP growth by as much as 50 basis points in the March quarter.
Photographer: Indranil Aditya/BloombergThis article is for subscribers only.
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Indian stocks were all the rage with global money managers until just a few months ago, threatening even to topple China in emerging-market indexes.