“Rahul Singh of Tata Asset Management believes Indian equities are now much better positioned than in mid-2024, with valuations looking more reasonable and the premium over other emerging markets significantly reduced from 80-90% to 50%. While not at 'rock-bottom' levels for aggressive allocation, India is poised to attract its fair share of emerging market flows as growth returns and global capital potentially shifts from the US. The froth in sectors like manufacturing, defense, and capital goods has also receded.”