India is emerging as the brighter spot among developing economies, said Geoffrey Dennis, Independent Emerging Markets Commentator, who believes that “some rotation from China into India may make a fair amount of sense now.” He stated that while China’s markets have run up sharply this year, India offers a more stable macro picture with low inflation, room for interest rate cuts, and steady reforms such as goods and services tax (GST).

Dennis added that oil prices are “in a good range,” and the Reserve Bank of India still has “tremendous scope to cut interest rates,” making the country’s economic outlook stronger relative to peers.

According to Dennis, India’s fundamentals remain well supported. The economy is resilient, inflation is manageable, and valuations have become more reasonable

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