India’s stockmarkets are roaring. They also have serious faults
Investors may have to look elsewhere for diversification
Few stockmarkets flourished in 2022. Strong performers include ones in commodity-exporting countries like Brazil, Indonesia and the Gulf states, which have benefited from the squeeze on natural resources. They also include an oddity: India. The country’s Nifty 50 and Sensex indices reached record highs at the end of November. Indian stocks are up 4% in local-currency terms this year. Global stocks are down by 20%.
This article appeared in the Finance & economics section of the print edition under the headline “Paper tigers”
Finance & economics December 24th 2022
From the December 24th 2022 edition
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