JP Morgan said India offers the strongest emerging market nominal GDP compounding (demographic trends, infrastructure investment needs) and has competitive risk-adjusted returns to developed market equities. A deeper domestic bond market should support lower risk premia, it said.
JP Morgan has upgraded India to ‘overweight’ from ‘neutral’. The brokerage has advised investors to use near-term correction/dip as an opportunity to add and leverage on a positive historical seasonality to general elections.