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"India continues to be one of the biggest beneficiaries of a benign crude prices which is reflected in the oil import bill and consequently in the CAD. We believe, among peers (BRIC), India will continue to be a favoured destination as both Brazil and Russia are facing recession, while China is grappling with a lower growth. Once the green shoots in the domestic economy start to materialise, we expect India to see increased inflows and remain a preferred investment destination in the near term, ..
"We like the India story for the medium to long term. The currency has held up very well and the markets have begun to turn again. We are quite optimistic in the longer term. The growth picture in India will pick up. So, one has to be a bit concerned about EMs as a whole, but India looks relatively good," the expert said.
Market experts believe that investors should not be too worried over prevailing global concerns. They pointed out that the correction in the Chinese markets is driven by their native retail investors.
