Markets◆ Mixed
India to give above-average market returns in next 2 years: Devina Mehra
· Business Standard Mkts
Devina Mehra, founder and CMD of First Global, suggested investors diversify their portfolio with global exposure as India accounts for less than 3 per cent of global market capitalisation.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- A market-wide development: it reaches beyond any single stock.