India\'s one-year returns turn positive\, lag global peers: Morningstar

India's one-year returns turn positive, lag global peers: Morningstar

While the past three-month returns for the Indian markets have been strong, the one-year underperformance is on account of relatively weak GDP growth forecasts, said experts

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Sundar Sethuraman 

One-year returns for domestic equities have turned positive, thanks to the sharp rebound in stock prices from coronavirus-triggered lows. However, India’s gains have lagged most global peers, with one-year returns of just 2.8 per cent.

In comparison, the developed and emerging market (EM) indices have gained 5.8 per cent and 4.6 per cent, respectively, the data compiled by Morningstar shows. While the past three-month returns for the Indian markets have been strong, the one-year underperformance is on account of relatively weak GDP growth forecasts, said experts. Following ...
First Published: Sun, August 02 2020. 18:09 IST