After equities staged a sharp rebound recently, the 12-month forward PE valuation of Nifty50 has expanded to 19.5x and is now trading at one standard deviation above its 10-year average. The MSCI India was trading at a valuation premium of 37 per cent and 96 per cent versus the MSCI World and MSCI EM, respectively.
West Bengal plans incentives to spur industrial investments
The government is exploring off-balance sheet incentives like soft loans to keep the weightage on budget-dependent industrial promotion lower, the finance minister said. Concession on