A key driver of Asia's performance is India. It has performed well in the past three years, driven b...
A key driver of Asia's performance is India. It has performed well in the past three years, driven by strong corporate earnings growth, buoyant global liquidity and its status as the world's second-biggest consumer. Yet market valuations remain inflated by high earnings growth expectations. The market has struggled to maintain momentum, falling significantly as inflation and government price controls, future earnings growth and weak government policy have resurfaced. The fractious political landscape has curbed the government's ability to reform the country's onerous labour laws, so the...
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