Globally, India is in a sweet spot. Reasonable growth prospects, a strong reform-oriented government and a recent S&P upgrade to stable from negative, solid capital inflows and a tame current account deficit highlight the country’s attractive macro situation. Contrast this with recessionary conditions in the Eurozone, the slowing growth in China and its credit and real estate bubbles, the fast deteriorating economic situation in Russia due to Western sanctions, and the stubbornly sluggish economic conditions in Japan. Not surprisingly, Indian stocks have been on a tear. The leading Nifty stock index has risen from its low of 5319 in September…
Indian Stocks Through Greenblatt's Magic Formula Lens
HFA Staff
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