The Indian stock market is roaring, outperforming its emerging market peers, even as recession fears grip the world amid rising debt costs and stubborn inflation.
The MSCI India Index has gained over 8% in the last three months, while the MSCI Emerging Market index and the U.S. S&P 500 have lost 6%. Foreign institutional investors have also returned with a bang: Asia saw foreign buying of $10 billion in August, the first monthly net inflow this year, led by buying in India, which attracted $7 billion of those flows, according to Goldman Sachs.
