INSUBCONTINENT EXCLUSIVE:
that it was a big laggard relative to China in the first couple of months of the year
coalition partners, I would expect to see a lot more foreign flows into India because one thing foreigners have liked in the past 4-5 years
But in India, you are paying 17 times for that and in China, you only pay 12 times," Matthews explained.
Demography is again at work for
Indian premium over the long term, according to Matthews, and in China, it is the reverse
"That is why I think India is a structural story and China is more of a cyclical story
The fund manager acknowledges the criticality of pricing
"I guess the question is what is the price you should pay -- is 17 times the right price or is it 15 or 20 That I do not know, but when you
So, I hesitate to say when that is coming back
People have been calling for a pick-up in investment for quite a long time
