Wednesday, December 18, 2013

From Indonesia, Phillipines, Thailand to India

Money is flowing out of countries like Indonesia, Philippines, Thailand into India. We had an under-performance of India compared to other emerging economies until recently. 

And we have this pool of international liquidity that is driven by asset allocators, so they look at India - they see a relative poor performance and they see some marginal improvement in the macroeconomic environment of India. 


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